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The Jensen Effect - Jay Parsons
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The Jensen Effect - Paperback

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The Jensen Effect - Jay Parsons
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Jay Parsons:

The Jensen Effect - Paperback

ISBN: 9783838302799

Hardcover

The Jensen Effect ab 58.99 € als Taschenbuch: Productivity Variation and Group Optimization. Aus dem Bereich: Bücher, Taschenbücher, Wirtschaft & Soziales, Medien > Bücher nein Taschenbuc… More...

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Jay Parsons:
The Jensen Effect Productivity Variation and Group Optimization - Paperback

2010

ISBN: 3838302796

[EAN: 9783838302799], Neubuch, [PU: LAP LAMBERT Academic Publishing], New Book. Shipped from UK. THIS BOOK IS PRINTED ON DEMAND. Established seller since 2000., Books

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Parsons, Jay:
The Jensen Effect: Productivity Variation and Group Optimization - Paperback

2010, ISBN: 9783838302799

paperback, Access codes and supplements are not guaranteed with used items. May be an ex-library book., Gebraucht, guter Zustand, [PU: LAP LAMBERT Academic Publishin]

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The Jensen Effect Productivity Variation and Group Optimization - Parsons, Jay
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Parsons, Jay:
The Jensen Effect Productivity Variation and Group Optimization - new book

2010, ISBN: 3838302796

Kartoniert / Broschiert, mit Schutzumschlag 11, [PU:LAP LAMBERT Academic Publishing]

Shipping costs:Versandkostenfrei innerhalb der BRD. (EUR 0.00) MARZIES.de Buch- und Medienhandel, 14621 Schönwalde-Glien

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Details of the book
The Jensen Effect

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.

Details of the book - The Jensen Effect


EAN (ISBN-13): 9783838302799
ISBN (ISBN-10): 3838302796
Hardcover
Paperback
Publishing year: 2009
Publisher: LAP LAMBERT Academic Publishing
160 Pages
Weight: 0,255 kg
Language: eng/Englisch

Book in our database since 2008-07-28T14:31:08+01:00 (London)
Detail page last modified on 2023-09-13T18:53:35+01:00 (London)
ISBN/EAN: 9783838302799

ISBN - alternate spelling:
3-8383-0279-6, 978-3-8383-0279-9
Alternate spelling and related search-keywords:
Book author: parsons jensen
Book title: jensen, the group


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