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The Jensen Effect ab 58.99 € als Taschenbuch: Productivity Variation and Group Optimization. Aus dem Bereich: Bücher, Taschenbücher, Wirtschaft & Soziales, Medien > Bücher nein Taschenbuc… mais…
The Jensen Effect ab 58.99 € als Taschenbuch: Productivity Variation and Group Optimization. Aus dem Bereich: Bücher, Taschenbücher, Wirtschaft & Soziales, Medien > Bücher nein Taschenbuch Hardcover;Sozialwissenschaften, Recht, Wirtschaft;Wirtschaft, LAP LAMBERT Academic Publishing<
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Dados bibliográficos do melhor livro correspondente
Productivity variation exists in many empirical settings. In group production, individuals enter and exit the production process at the same time. In this work, Jensen's inequality is formally accounted for in a group production setting to ensure that maximum profit conditions are being met. The concept of the Jensen effect and an aggregation premium is introduced to aid in the discussion of how an adjustment needs to be made in group optimization to account for the fact that the marginal productivity of an average individual in a group is not equivalent to the average marginal productivity of all individuals in the group. Examples from swine production and beef production are used to show that due to the aggregation premium, the marginal productivity of the average individual in the group overestimates the average marginal productivity of the group. The magnitudes of the differences can be modest but the direction is consistent. Most importantly, the concepts and terminology presented provide a formalized treatment of Jensen's inequality that previous work has failed to accomplish.
Dados detalhados do livro - The Jensen Effect
EAN (ISBN-13): 9783838302799 ISBN (ISBN-10): 3838302796 Livro de capa dura Livro de bolso Ano de publicação: 2009 Editor/Editora: LAP LAMBERT Academic Publishing 160 Páginas Peso: 0,255 kg Língua: eng/Englisch
Livro na base de dados desde 2008-07-28T14:31:08+01:00 (Lisbon) Página de detalhes modificada pela última vez em 2023-09-13T18:53:35+01:00 (Lisbon) Número ISBN/EAN: 9783838302799
Número ISBN - Ortografia alternativa: 3-8383-0279-6, 978-3-8383-0279-9 Ortografia alternativa e termos de pesquisa relacionados: Autor do livro: parsons jensen Título do livro: jensen, the group