Advertisement

Representing the Technology by Functions

  • Rolf Färe
Chapter
  • 115 Downloads
Part of the Lecture Notes in Economics and Mathematical Systems book series (LNE, volume 311)

Abstract

Traditionally economists model the single output technology by the production function. This function is defined as the maximal output obtainable from given inputs. In Section 3.1, the production function is shown to exist, and the properties it inherits from the parent technology are discussed. Various parametric production functions are presented in Section 3.2. First weak disposability of input production functions are introduced and thereafter a family of parametric second order approximations is discussed.

Preview

Unable to display preview. Download preview PDF.

Unable to display preview. Download preview PDF.

Copyright information

© Springer-Verlag Berlin Heidelberg 1988

Authors and Affiliations

  • Rolf Färe
    • 1
  1. 1.Department of EconomicsSouthern Illinois UniversityCarbondaleUSA

Personalised recommendations