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NON PURE PRIVATE GOODS IN THE ECONOMICS OF PRODUCTION PROCESSES
Author(s) -
Parrinello Sergio
Publication year - 1993
Publication title -
metroeconomica
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.256
H-Index - 29
eISSN - 1467-999X
pISSN - 0026-1386
DOI - 10.1111/j.1467-999x.1993.tb00859.x
Subject(s) - romer , economics , production (economics) , order (exchange) , value (mathematics) , private good , process (computing) , production theory , microeconomics , constant (computer programming) , neoclassical economics , mathematical economics , public good , computer science , finance , cartography , machine learning , programming language , geography , operating system
In this article the concept of nonrival input is re‐examined as a possible source of increasing returns, by taking a production process as the elementary unit of analysis. Nonrivalry of inputs is redefined in order to furnish an analytical tool to be used for extending the theory of value and distribution beyond the case of pure private goods and constant returns. Furthermore, the reformulation of the same concept is implemented for a critical appraisal of the notion of industrial design which has been adopted by Romer in his modelling approach to the theory of endogenous growth.