Aggregate production function12/11/2022 ![]() Indeed, the problem is sufficiently complicated that perhaps the most promising mode of attack on it is through the construction and analysis of simulation experiments. It is not a simple matter to decide why this should be so as a matter of theory. Alternatively, production functions with parameters estimated from factor payments turn out to fit input and output data pretty well sometimes. Not only do such estimated relationships give good fits to input and output data, but also the calculated marginal products appear to be related to observed factor payments. ![]() Yet aggregate production functions estimated from real data do appear to give good results, at least sometimes, and to do so in an apparently non-trivial way. There is a summary discussion and bibliography in Fisher. This insight may be particularly beneficial in situations where the courts are considering awarding additional damages.Abstract: As a purely theoretical matter, aggregate production functions exist only under conditions too stringent to be believed satisfied by the diverse technological relationships of actual economies. Of industry uptake and the amount of subsequent innovation made possible by the ![]() Citation information may afford useful insights into the level ![]() This paper contends thatĬitation information may be particularly helpful in relation to patents for a Property present real challenges for the courts. Incorporeal works areĭifficult to value, and consequently certain categories of intellectual Occurred is problematic for a number of reasons. ![]() ĭetermining Appropriate Damages for Patent Infringement: An Alternative Approachĭamages that should be afforded to an applicant when patent infringement has Review of Economics and Statistics, 39, 312-320. (1957) Technical Change and the Aggregate Production Function. ![]()
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