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Managerial Production Function

  • Martin J. Beckmann
Part of the Lecture Notes in Economics and Mathematical Systems book series (LNE, volume 161)

Abstract

In the short run the structural proportions and the scale of an organization are given. They may have been frozen by technical conditions (often appearing in the form of) or social conventions. In the long run, however, everything is adaptable and molded by economic forces.

Keywords

Production Function Labor Input Cost Curve Administrative Level Output Elasticity 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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References

  1. Alchian, A.A. and H. Demsetz, “Production, Information Costs and Economic Organization,” The American Economic Review, Vol. 62, No. 5 (December, 1972).Google Scholar
  2. Arrow, Kenneth J. (1974), The Limits of Organization, New York: W.W. Norton.Google Scholar
  3. Beckmann, Martin (1977a), “Management Production Functions and the Theory of the Firm,” Journal of Economic Theory, 14, 1, 1–18.CrossRefGoogle Scholar
  4. Marshall, A., Principles of Economics, London: Macmillan, 1891.Google Scholar

Copyright information

© Springer-Verlag Berlin Heidelberg 1978

Authors and Affiliations

  • Martin J. Beckmann
    • 1
    • 2
  1. 1.Department of EconomicsBrown UniversityProvidenceUSA
  2. 2.Institut für Statistik und UnternehmensforschungTechnische Universität MünchenMünchen 2Deutschland

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