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Scale efficiency and homotheticity: equivalence of primal and dual measures
Zelenyuk, Valentin - In: Journal of Productivity Analysis 42 (2014) 1, pp. 15-24
We address the issue of equivalence of primal and dual measures of scale efficiency in general production theory … equivalent to the homothetic structures from Shephard (Theory of cost and production functions, Princeton studies in mathematical …
Persistent link: https://www.econbiz.de/10010988824
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Dual allocative efficiency parameters
Färe, Rolf; Primont, Daniel - In: Journal of Productivity Analysis 37 (2012) 3, pp. 233-238
Persistent link: https://www.econbiz.de/10010988825
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Exploring production-theoretical insights for analyzing trade-offs between economic performance and environmental pressure at firm level
Van Meensel, Jef; Lauwers, Ludwig H.; Van Huylenbroeck, … - International Association of Agricultural Economists - IAAE - 2009
The objective of this paper is to construct a framework for analyzing trade-offs between economic performance and environmental pressure at firm level. Based on a literature review, partially conflicting economic-environmental trade-off paradigms are structured and five necessary conditions for...
Persistent link: https://www.econbiz.de/10010880106
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Production theory: accounting for firm heterogeneity and technical change
Dosi, Giovanni; Grazzi, Marco; Marengo, Luigi; … - Laboratory of Economics and Management (LEM), Scuola … - 2013
measures of heterogeneity and technical change do not require many of the standard assumptions from production theory. …
Persistent link: https://www.econbiz.de/10010883451
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Directional duality theory Directional duality theory
Fare, Rolf; Primont, Daniel - In: Economic Theory 29 (2006) 1, pp. 239-247
Persistent link: https://www.econbiz.de/10005370759
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A short and intuitive proof of Marshall's Rule
Ewerhart, Christian - In: Economic Theory 22 (2003) 2, pp. 415-418
When the price of an input factor to a production process increases, then the optimal output level declines and the input is substituted by other factors. Marshall's rule is a formula that determines the own-price elasticity for one factor as a weighted sum of the elasticities of output market...
Persistent link: https://www.econbiz.de/10005155316
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The fund-flow approach. A critical survey
Marzetti, Giuseppe Vittucci - Dipartimento di Economia e Management, Università … - 2010
The fund-flow approach to production theory was first proposed by Nicholas Georgescu-Roegen almost half a century ago …
Persistent link: https://www.econbiz.de/10008739734
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Duality Theory of Non-convex Technologies
Kuosmanen, Timo - In: Journal of Productivity Analysis 20 (2003) 3, pp. 273-304
Duality Theory of production imposes a number of simplifying assumptions regarding the production technology, including … challenges some widely held views on the role of convexity. The role of convexity in Duality Theory is asymmetric. While … from applying the Duality Theory. Copyright Kluwer Academic Publishers 2003 …
Persistent link: https://www.econbiz.de/10010866077
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Production under Uncertainty and Choice under Uncertainty in the Emergence of Generalized Expected Utility Theory
Quiggin, John - In: Theory and Decision 51 (2001) 2, pp. 125-144
analysis of production under uncertainty. Interest in the foundations of the theory of choice under uncertainty was stimulated … by applications of expected utility theory such as the Sandmo model of production under uncertainty. This interest led to … the development of generalized models including rank-dependent expected utility theory. In turn, the development of …
Persistent link: https://www.econbiz.de/10005709913
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WHEAT IMPORT DEMAND IN THE JAPANESE FLOUR MILLING INDUSTRY: A PRODUCTION THEORY APPROACH
Mao, Weining; Koo, Won W.; Suomala, Jon P.; Sakurai, Takeshi - Department of Agribusiness and Applied Economics, North … - 1997
The translog cost function is used to analyze import demand for wheat differentiated by class and country of origin in the Japanese wheat flour milling industry. Results indicate that U.S. wheat faces strong competition in the Japanese wheat market, but its multiple classes and end-use...
Persistent link: https://www.econbiz.de/10005807366