Beattie, Bruce R.; Holt, Matthew T.; Watts, Myles J. - In: Review of Agricultural Economics 24 (2002) 1, pp. 240-249
This paper makes three related points useful in teaching first-year graduate production theory. First, the local applicability of the classical function coefficient idea for short-run nonhomogeneous production technologies is shown for returns to scale, satisfaction of second-order and total...