Nonjoint production and the cost function: Some refinements (Q1079101): Difference between revisions
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Property / cites work: Non-Joint Technologies / rank | |||
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Property / cites work: The Fundamental Singularity Theorem for Non-Joint Production / rank | |||
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Property / cites work: Q5823944 / rank | |||
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Property / cites work: Q5656575 / rank | |||
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Property / cites work: Duality Principles in the Theory of Cost and Production / rank | |||
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Property / full work available at URL: https://doi.org/10.1007/bf01229304 / rank | |||
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Latest revision as of 12:00, 30 July 2024
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English | Nonjoint production and the cost function: Some refinements |
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Nonjoint production and the cost function: Some refinements (English)
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1986
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\textit{R. E. Hall} [J. Polit. Econ. 81, 878-892 (1973)] gives characterizations of a nonjoint technology in terms of the technology's input requirement sets and in terms of its cost functions. Hall's theorems are reconsidered and an improvement is obtained in the formulations. It is shown that a restatement is needed, especially, with respect to the cost function theorem, in order to avoid misunderstandings. Furthermore, a local version of nonjoint production is formulated.
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nonjoint technology
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