Sentence examples for rules of derived from inspiring English sources

The resulting general equilibrium model has much in common with derivations of Marshall's rules of derived demand.

1Hicks (1932) gives the classic presentation of Marshall's rules of derived demand.

In this setting, wage and employment responses are expected to increase with the elasticity of labour demand and (by the "Hicks-Marshall" rules of derived demand) with the price elasticity of demand in the product market.

The general equilibrium framework reveals that the effect of immigration on the mean wage depends on the parameters that Marshall first identified in his famous rules of derived demand (i.e., the elasticity of substitution between labor and capital, the supply elasticity of capital, the elasticity of product demand, and labor's share of income).

This latter condition, of course, has a familiar ring in labor economics—as it happens to be identical to the condition that validates Marshall's second rule of derived demand: An increase in labor's share of income leads to more elastic demand "only when the consumer can substitute more easily than the entrepreneur" (Hicks, 1932, p. 246).

At present, conditioning systems used in the quarrying industry are designed from elementary rules-of-thumb derived from experience.

The rules of thumb derived from the two theories may, in fact, be combined: an excess demand for goods or an excess supply of money (the two may be seen as aspects of the same phenomenon) will be associated with rising income; similarly, an excess supply of goods or an excess demand for money will be associated with falling income.

At present decisions about how large to make vaccine safety studies at different phases of vaccine development and use, in the absence of a specific safety concern, are made using rules of thumb derived from expert judgment, experience, and engagement with the public [21].

The syntax directed type system is presented in Fig. 10 as a set of rules for deriving judgements of the form (Gamma,vdash ^{D},e,:,tau ).

The PTRDB consists of a set of rules to derive new attributes with input attributes of the SGDBE (EC 2003).

A deduction calculus consists of a set of logical axioms and a collection of deduction rules for deriving new formulas from previously derived formulas.