Factor substitutability: Another view

Factor substitutability and entry

This paper explores the relationship between the substitutability of labor for capital in an industry’s production technology and entry into that industry. We present a simple stylized model that predicts that entry will be higher in industries with higher factor substitutability because firms in those industries can adjust their factor mix and are less likely to end up with wastefully large in...

Capital depreciation , factor substitutability and indeterminacy ∗

We consider a discrete-time two-sector CES economy with sector specific external effects and partial depreciation of capital. We show that the occurrence of local indeterminacy of equilibria depends on an interplay between factor substitutability and capital depreciation. When the elasticity of substitution is less than one, local indeterminacy may occur with low depreciation of capital. When t...

Another view on prasugrel.

Thromb Haemost 2009; 101: 12–13 The combination of aspirin with clopidogrel is currently the mainstay of antiplatelet therapy for patients with acute coronary syndromes (ACS) (1). While aspirin inhibits platelet thromboxane A2 production and platelet activation, clopidogrel inhibits adenosine diphosphate (ADP)-induced platelet activation by blocking the P2Y12 platelet receptor. When added to as...

A study on the definitions of religion from another view

Another View of the Classical Problem of Comparing Two Probabilities

The usual calculation of the P-value for the classical problem of‎ ‎comparing probabilities is not always accurate‎. ‎This‎ ‎issue arose in the context of a legal dispute which depended on when‎ ‎some written material was written in a diary‎. ‎The problem raises‎ ‎some issues on the foundations of statistical inference.‎