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Cost and Revenue Constrained Production

  • Rolf Färe
  • Shawna Grosskopf

Part of the Bilkent University Lecture Series book series (BILKENT)

Table of contents

  1. Front Matter
    Pages i-viii
  2. Rolf Färe, Shawna Grosskopf
    Pages 1-4
  3. Rolf Färe, Shawna Grosskopf
    Pages 33-62
  4. Rolf Färe, Shawna Grosskopf
    Pages 88-108
  5. Rolf Färe, Shawna Grosskopf
    Pages 109-131
  6. Rolf Färe, Shawna Grosskopf
    Pages 132-161
  7. Back Matter
    Pages 162-170

About this book

Introduction

The basic notion underlying this monograph - budget or revenue constrained models of production - we owe to Ronald W. Shephard, who recognized its fundamental importance in modeling behavior in a wide variety of settings including the service and public sector. Our endeavor here is to extend Shephard's earlier work in several directions while maintaining his axiomatic approach. Our contributions include an expanded set of duality results and a general bent toward empirical implementation: including various parameterizations, applications to efficiency and productivity measurement, and shadow pricing. We hope to provide those engaged in empirical work with some powerful and useful tools which have received relatively little attention. The nature of the material in this monograph is somewhat technical, however, the level of mathematical difficulty is standard. Although we have tried to keep the monograph fairly self-contained, we have also kept technical detail to a minimum in the body of the text. Many technical extensions appear as problems at the ends of Chapters. The reader is also referred to the notes at the end of each chapter for references to additional literature. A prepublication draft of this manuscript was used as lecture notes in a graduate course in production theory at the Department of Economics at Bilkent University. We thank our students as well as faculty members for their patience and interest. Special thanks go to Dean Togan, Zeynap Koksal and Ali Dogramaci for making our stay in Ankara not only productive, but also enjoyable.

Keywords

Public Sector duality efficiency modeling pricing production productivity research service theory of the firm

Authors and affiliations

  • Rolf Färe
    • 1
  • Shawna Grosskopf
    • 1
  1. 1.Department of Economics College of Liberal ArtsSouthern Illinois University at CarbondaleCarbondaleUSA

Bibliographic information

  • DOI https://doi.org/10.1007/978-1-4612-2626-0
  • Copyright Information Springer-Verlag New York 1994
  • Publisher Name Springer, New York, NY
  • eBook Packages Springer Book Archive
  • Print ISBN 978-1-4612-7613-5
  • Online ISBN 978-1-4612-2626-0
  • Series Print ISSN 1431-0848
  • Buy this book on publisher's site
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