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The Jensen Effect - Jay Parsons
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Jay Parsons:
The Jensen Effect - Taschenbuch

2009, ISBN: 3838302796

ID: 9853129122

[EAN: 9783838302799], Neubuch, [PU: Lap Lambert Acad. Publ. Jul 2009], This item is printed on demand - Print on Demand Titel. - 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. 160 pp. Englisch

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The Jensen Effect - Productivity Variation and Group Optimization
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The Jensen Effect - Productivity Variation and Group Optimization - Taschenbuch

2009, ISBN: 9783838302799

[ED: Taschenbuch / Paperback], [PU: LAP Lambert Academic Publishing], 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., [SC: 0.00], Neuware, gewerbliches Angebot

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The Jensen Effect - Jay Parsons
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The Jensen Effect - neues Buch

ISBN: 9783838302799

ID: 144186a6fb1e1b09aed4182793e73804

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. Buch / Broschur

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The Jensen Effect - Parsons, Jay
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Parsons, Jay:
The Jensen Effect - Taschenbuch

2009, ISBN: 3838302796

Gebundene Ausgabe, ID: 5440114

Productivity Variation and Group Optimization - Buch, gebundene Ausgabe, 160 S., Beilagen: Paperback, Erschienen: 2009 LAP Lambert Acad. Publ.

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The Jensen Effect - Jay Parsons
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Jay Parsons:
The Jensen Effect - Taschenbuch

ISBN: 9783838302799

Paperback, [PU: LAP Lambert Academic Publishing], Business & Management

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Details zum Buch
The Jensen Effect: Productivity Variation and Group Optimization

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.

Detailangaben zum Buch - The Jensen Effect: Productivity Variation and Group Optimization


EAN (ISBN-13): 9783838302799
ISBN (ISBN-10): 3838302796
Gebundene Ausgabe
Taschenbuch
Erscheinungsjahr: 2009
Herausgeber: LAP Lambert Acad. Publ.
160 Seiten
Gewicht: 0,255 kg
Sprache: eng/Englisch

Buch in der Datenbank seit 28.07.2008 15:31:08
Buch zuletzt gefunden am 20.11.2016 16:06:13
ISBN/EAN: 9783838302799

ISBN - alternative Schreibweisen:
3-8383-0279-6, 978-3-8383-0279-9


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