Abstract
Economic research on production usually specifies that a single “output” is determined by a production function from a set of inputs. The measure for “output” usually takes on one of the different forms: physical unit of a single output, monetary value of a single output, total monetary value of several distinct physical types of output, or the monetary value of the outputs minus the value of raw materials. The last approach of measuring “output” is usually referred to as “value added”.
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© 1976 Springer-Verlag Berlin · Heidelberg
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Hasenkamp, G. (1976). Introduction. In: Specification and Estimation of Multiple-Output Production Functions. Lecture Notes in Economics and Mathematical Systems, vol 120. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-45481-3_1
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DOI: https://doi.org/10.1007/978-3-642-45481-3_1
Publisher Name: Springer, Berlin, Heidelberg
Print ISBN: 978-3-540-07625-4
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