Abstract
This chapter reviews and extends some basic materials. Starting with the most general description of a technology, we introduce the input and output distance functions, the technical efficiency measures, the concepts of homotheticity, global constant returns to scale, and Hicks neutrality. Finally, we will discuss measures of local scale elasticity, and provide an interpretation of local constant returns to scale.
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© 1998 Springer Science+Business Media New York
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Balk, B.M. (1998). Primal Representations of the Technology. In: Industrial Price, Quantity, and Productivity Indices. Springer, Boston, MA. https://doi.org/10.1007/978-1-4757-5454-4_2
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DOI: https://doi.org/10.1007/978-1-4757-5454-4_2
Publisher Name: Springer, Boston, MA
Print ISBN: 978-1-4419-5054-3
Online ISBN: 978-1-4757-5454-4
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