Nonjoint production and the cost function: Some refinements (Q1079101)

From MaRDI portal
scientific article
Language Label Description Also known as
English
Nonjoint production and the cost function: Some refinements
scientific article

    Statements

    Nonjoint production and the cost function: Some refinements (English)
    0 references
    0 references
    1986
    0 references
    \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.
    0 references
    0 references
    nonjoint technology
    0 references