Diewert, Erwin W. - In: Journal of Economics and Statistics (Jahrbuecher fuer … 230 (2010) 6, pp. 759-771
The paper develops an extension of a one period model of production involving beginning and end of the period capital stocks along with output and input flows that is due to Hicks and Edwards and Bell. This generalized Austrian model of production takes into account that end of the period...