Construct · 1 fields · 1 citations

Inada conditions: a standalone construct

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Macroeconomics

assumptions on a production function that an input's marginal product tends to infinity as the input goes to zero and to zero as it grows without limit.

In macroeconomics, Inada conditions refers to assumptions on a production function that an input's marginal product tends to infinity as the input goes to zero and to zero as it grows without limit. This meaning comes from Inada (1963) in The Review of Economic Studies.[1]

Unit
Recovery means
Measured by

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Nearby constructs

function5 fields · 6 citationsjingle · one word, five constructs limit3 fields · 3 citationsjingle · one word, three constructs marginal3 fields · 3 citationsjingle · one word, three constructs

References

Inada, K. (1963). On a Two-Sector Model of Economic Growth: Comments and a Generalization. The Review of Economic Studies, 30(2), 119. https://doi.org/10.2307/2295809

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