Continuity of Production Correspondences and a Relation between Efficient Input and Output Vectors

  • Georg Bol
Conference paper
Part of the Lecture Notes in Economics and Mathematical Systems book series (LNE, volume 99)


This paper deals with the description of multi-commodity production by the concept of production correspondences. As in the papers of Shephard [8], Jacobsen [5] etc., we use two correspondences, the “production correspondence”, denoted by P and its “inverse” correspondence denoted by L — we call the pair (L,P) a production system -; as initial concept we use that given by Opitz [6,7], which, in particular, means, that there are no assumptions about convexity (resp. concavity).


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    Jacobson, S.: Production correspondences. Econometrica 38 (1970)Google Scholar
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    Opitz, O.: Zum Problem der Aktivitätsanalyse. Zeitschrift für die gesamte Staatswissenschaft 127, 1971Google Scholar
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    Shephard, R.W.: Theory of cost and production functions. Princeton University Press, 1970.Google Scholar

Copyright information

© Springer-Verlag Berlin · Heidelberg 1974

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  • Georg Bol

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