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Cost and Production Functions: Lecture Notes in Economics and Mathematical Systems, cartea 194

Autor R.W. Shephard
en Limba Engleză Paperback – oct 1981
This study is the result of an interest in the economic theory of production intermittently pursued during the past three years. Over this period I have received substantial support from the Office of Naval Research, first from a personal service consulting contract directly with the Mathematics Division of the Office of Naval Research and secondly from Project N6 onr-27009 at Princeton Univer­ sity under the direction of Professor Oskar Morgenstern. Grateful acknowledgement is made to the ·Office of Naval Research for this support and to Professor Morgenstern, in particular, for his interest in the puolication of this research. The responsibility for errors and omissions, how­ ever, rests entirely upon the author. Professor G. C. Evans has given in terms of a simple total cost function, depending solely upon output rate, a treatment of certain aspects of the economic theory of production which has inherent generality and convenience of formulation. The classical approach of expressing the technology of production by means of a production function is potentially less restrictive than the use of a simple total cost function, but it has not been applied in a more general form other than to derive the familiar conditions between marginal productivities of the factors of produc­ tion and their market prices.
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Specificații

ISBN-13: 9783540111580
ISBN-10: 3540111581
Pagini: 120
Ilustrații: XI, 106 p.
Dimensiuni: 155 x 235 x 6 mm
Greutate: 0.18 kg
Ediția:Softcover reprint of the original 1st ed. 1981
Editura: Springer Berlin, Heidelberg
Colecția Springer
Seria Lecture Notes in Economics and Mathematical Systems

Locul publicării:Berlin, Heidelberg, Germany

Public țintă

Research

Cuprins

1. The Process Production Function.- 2. Heuristic Principle of Minimum Costs.- 3. The Producer’s Minimum Cost Function.- 4. Dual Determination of Production Function From Cost Function.- 5. Geometric Interpretation of the Duality Between Cost and Production Function.- 6. Constraints on the Factors of Production.- 7. Homothetic Production Functions.- 8. The Cobb-Douglas Production Function.- 9. The Problem of Aggregation.- 10. The Dynamics of Monopoly.