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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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Rent-seeking measurement in coal mining by means of labour unrest: an application of the distance function
Rodriguez-Alvarez, Ana; Del Rosal, Ignacio; Baños … - Volkswirtschaftliche Fakultät, … - 2002
We propose a method based on the distance function to empirically estimate the social cost arising from rent seeking behaviour in declining industries. Due to import competition, the factors of a particular industry undergo losses in real income, and have incentives to seek protection. In the...
Persistent link: https://www.econbiz.de/10005789930
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Alternative Production Models in Economic Theory
Dlouhý, Martin - In: Acta Oeconomica Pragensia 2011 (2011) 5, pp. 34-47
approaches to production theory. Although marginal analysis dominates economic literature, we argue that linear programming is an … equivalent theory with some advantages and, of course, some disadvantages in comparison to marginal analysis. Marginal analysis …
Persistent link: https://www.econbiz.de/10009371707