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Fluke Switch Points and a Real Wicksell Effect of Zero

15 Pages Posted: 8 Sep 2017  

Robert L. Vienneau

Independent

Date Written: September 5, 2017

Abstract

This note presents two numerical examples, in a model with two techniques of production, of a switch point with a real Wicksell effect of zero. The variation in the technique adopted, at the switch point, leaves employment and the value of capital per unit net output unchanged. This invariant generalizes to switch points with a real Wicksell effect of zero for steady states with a positive rate of growth.

Keywords: Switch points, Choice of Technique, Flukes, Wicksell effects

JEL Classification: B24, D24

Suggested Citation

Vienneau, Robert L., Fluke Switch Points and a Real Wicksell Effect of Zero (September 5, 2017). Available at SSRN: https://ssrn.com/abstract=3032428

Robert Vienneau (Contact Author)

Independent ( email )

209 Maple Street
Rome, NY 13440
315-336-5417 (Phone)
315-334-4964 (Fax)

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