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Essential Inputs and Unbounded Output: an Alternative Characterization of the Neoclassical Production Function
Irmen, Andreas; Maußner, Alfred - Centre de Recherche en Économie Appliquée (CREA), … - 2014
The Inada (1963) conditions constitute a defining property of the neoclassical production function with capital and labor as arguments. Are these conditions justifiable on economic grounds? Yes, they are: we show that a production function with positive, yet diminishing marginal products and...
Persistent link: https://www.econbiz.de/10011095270
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Essential inputs and unbounded output : an alternative characterization of the neoclassical production function
Irmen, Andreas; Maußner, Alfred - 2014 - This Version: November 28, 2014
The Inada (1963) conditions constitute a defining property of the neoclassical production function with capital and labor as arguments. Are these conditions justifiable on economic grounds? Yes, they are: we show that a production function with positive, yet diminishing marginal products and...
Persistent link: https://www.econbiz.de/10010465163
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A note on the characterization of the neoclassical production function
Irmen, Andreas; Maußner, Alfred - In: Macroeconomic dynamics 21 (2017) 7, pp. 1827-1835
Persistent link: https://www.econbiz.de/10011805961
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Essential inputs and unbounded output : an alternative characterization of the neoclassical production function
Irmen, Andreas; Maußner, Alfred - 2014
Persistent link: https://www.econbiz.de/10010483753