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A Production Function with an Inferior Input

Gil S. Epstein, Uriel Spiegel

Year
2000
Citations
11

Abstract

The expanding car industry has revealed an increase in the use of robots and machines together with a decrease in labor. This phenomenon refocuses attention on the possible existence of labor as an inferior input with robots as rival technical alternatives. In our paper we suggest a specific production function that allows for inferior inputs. We verify the general conditions that have been developed in past research.

Keywords

Production (economics)Function (biology)RobotPhenomenonEconomicsProduction functionComputer scienceMicroeconomicsArtificial intelligencePhysics

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