OTHER
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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