Multi-Output Production and Duality: Theory and Applications

Online-Ressource (XII, 172 p)

online resource

1 Theories of the Firm Through Duality1.1 The Different Behavioral Assumptions -- 1.2 Using Duality Theory to Overcome Data Problems -- 1.3 The Completion of Ronald W. Shephard’s Duality -- 1.4 Remarks on the Literature -- 2 Distance Functions -- 2.1 Input and Output Distance Functions -- 2.2 Efficiency Measurement -- 2.3 Quantity Index Applications -- 2.4 Modelling Returns to Scale -- 2.5 Remarks on the Literature -- 3 Cost and Revenue Functions -- 3.1 Duality Theorems -- 3.2 Derivative Properties of Cost and Revenue Functions -- 3.3 Shadow Pricing of Inputs and Outputs -- 3.4 Overall Efficiency Measurement -- 3.5 Price Indexes -- 3.6 Inverse Homotheticity -- 3.7 Remarks on the Literature -- 3.A Appendix -- 4 Indirect Distance Functions -- 4.1 Cost and Revenue Constrained Firms -- 4.2 Dualities -- 4.3 Derivative Properties of the Indirect Distance Functions -- 4.4 Nonparametric Testing -- 4.5 Remarks on the Literature -- 4.A Appendix -- 5 Indirect Cost and Revenue Functions -- 5.1 Duality Theorems -- 5.2 Derivative Properties -- 5.3 Cost Benefit Analysis -- 5.4 Remarks on the Literature -- 5.A Appendix -- 6 The Profit Function -- 6.1 Duality Theorems -- 6.2 The Profit, Cost, and Revenue Functions -- 6.3 The Profit, Indirect Input Distance and Indirect Output Distance Functions -- 6.4 The Profit, Indirect Cost and Indirect Revenue Functions -- 6.5 Remarks on the Literature -- 7 Towards Empirical Applications -- 7.1 An Overview -- 7.2 Monotonicity, Homogeneity and Convexity -- 7.3 Homogeneous and Inversely Homothetic Technologies -- 7.4 Functional Forms -- 7.5 Remarks on the Literature -- References -- Author Index.

10.1007/978-94-011-0651-1 [DOI]

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