Learn how the Marginal Rate of Technical Substitution (MRTS) allows firms to optimize production by substituting labor and ...

This review provides a common framework for researchers thinking about the next generation of micro-founded macro models of growth, inequality, and financial deepening, as well as direction for policy ...

A new Hebrew University study reveals that while Israel could technically sustain itself through local vegetative food production, the economic price would be staggering. The model shows that complete ...