Abstract
In this paper a characterization of Hicks-neutrality is given in terms of output augmenting technical progress. Compared to Sato-Beckmann (2), who characterize Hicksneutrality with marginal productivities, differentiability is not assumed here. Similar problems are considered in Eichhorn-Kolm (1).
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References
EICHHORN, W., and Technical Progress, Neutral Inventions, S.-C. Kolm: and Cobb-Douglas, Published in this volume.
SATO, R., and M.J. BECKMANN: Neutral Inventions and Production Functions. Review of Economic Studies 35 (1968), 57–66.
SHEPHARD, R. W.: Semi-Homogeneous Production Functions and Scaling of Production. ORC, 72–25, Operations Research Center, University of California, Berkeley. Published in this volume.
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Färe, R. (1974). A Characterization of Hicks Neutral Technical Progress. In: Eichhorn, W., Henn, R., Opitz, O., Shephard, R.W. (eds) Production Theory. Lecture Notes in Economics and Mathematical Systems, vol 99. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-80864-7_4
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DOI: https://doi.org/10.1007/978-3-642-80864-7_4
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