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Production and Cost Functions: An Econometric Survey

Econometrica 1963 31(1/2), 1
Статья представляет собой несложный обзор различных подходов к построению производственных функций и обсуждение связанных с этим проблем (агрегирование и т. п.). Функции затрат рассматриваются как заменитель производственной функции, так как первые намного легче оценить на практике. Во второй части статьи автор рассматривает все наиболее значимые попытки статистического исследования произвосдтвенных функций и функций затрат.

The Problem of the True Index of the Cost of Living

Econometrica 1939 7(1), 10
BY THE EXPRESSION of we mean monetary value of those consumers' goods which are in fact consumed in course of a certain period of time by an average family belonging to a given stratum of a population. Consumption of given quantities of consumers' goods defines that general state of want-satisfaction we call the of of family in question. Any of living may be reached by various combinations of quantities of consumed goods (depending on relative prices and monetary expenditures by consumer). If in course of two periods of time, general status of wantsatisfaction of family-or standard of of that familyremains constant, then we obtain index of cost of by dividing cost of living at one period of time by cost of living at other period. This index shows relative change occurring in monetary cost of those consumers' goods which are necessary for maintenance of a certain of living. Thus in computing true index of cost of living, we compare monetary cost of two different combinations of goods which are connected solely by condition that during consumption of these two combinations, general status of want-satisfaction (the of living) is same. In practice, however, usual method of computing indexes of cost of living is so-called method of aggregates. This method consists of calculating cost of a given aggregate of consumers' goods taken in amounts corresponding to average or normal consumptiona and at prices prevailing at a given time, and dividing it by

An Automatic Method of Solving Discrete Programming Problems

Econometrica 1960 28(3), 497
I n the classical linear programming problem the behaviour of continuous, nonnegative variables subject to a system of linear inequalities is investigated.One possible generalization of this problem is to relax the continuity condition on the variables.This paper presents a simple numerical algorithm for the solution of programming problems in which some or all of the variables can take only discrete values.The algorithm requires no special techniques beyond those used in ordinary linear programming, and lends itself to automatic computing.Its use is illustrated on two ~lumerical examples.