La eficiencia marginal del capital y la teoría de la firma

Authors

  • Alfredo J. Canavese
  • Ernesto Gaba

Abstract

The present paper presents the demonstration of three Propositions which show that the usual marginal efficiency of capital investment criteria must be qualified in its application whenever the aim of the economic agent is to maximize the present value of his profits. Such maximization is reached if the marginal efficiency of capital equals the market rate of interest and, besides, one of the following two conditions is fulfilled: a) The marginal productivity of labour equals its market price; b) The present value of the marginal productivity of capital equals its market price.

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Published

1971-12-30

How to Cite

Canavese, . A. J., & Gaba, . E. (1971). La eficiencia marginal del capital y la teoría de la firma. Económica, 17(2), p. 145–152. Retrieved from https://revistas.unlp.edu.ar/Economica/article/view/8921

Issue

Vol. 17 No. 2 (1971)

Section

Articles

License

The material published in the journal is distributed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International (CC BY-NC-ND 4.0) license. This license requires proper credit to be given, a link to the license to be provided, and changes to be indicated. It does not permit commercial use of the work, and if the work is remixed, transformed, or otherwise modified, distribution of such modification is not allowed.