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On Transferable Machines
Author(s) -
Bidard Christian
Publication year - 2016
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/meca.12108
Subject(s) - transferable utility , economics , mathematical economics , production (economics) , computer science , joint (building) , microeconomics , engineering , structural engineering , game theory
To avoid the intricacies of pure joint production, it is usually assumed that machines cannot be transferred across industries. Salvadori, however, identified a case in which productive systems with transferable machines have the same properties as those with non‐transferable machines. We reinterpret Salvadori's condition and proceed to a comparative analysis of the two types of models, which explains why some properties still hold while others are lost.