Nonjoint production and the cost function: Some refinements
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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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Cites work
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- Duality between multi-output production correspondences and cost functions
- On an extension of classical production and cost theory
- scientific article; zbMATH DE number 3922315 (Why is no real title available?)
- Joint production and the structure of technology: A generalization
- A characterization of economies with the non-substitution property
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