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Production with an assembly line process

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This article offers a stylization of the assembly line production process. The model that emerges from this exercise serves to further explicate the role of management in allocating resources, and the effect of technical progress on resource allocation and market structure.
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Keywords: Assembly line; Resource allocation; Technical progress

Document Type: Research Article

Affiliations: Department of Economics Western Michigan University Kalamazoo MI 49008 USA

Publication date: 2005-04-01

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