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Synopsis
A sequel to his frequently cited Cost and Production Functions (1953), this book offers a unified, comprehensive treatment of these functions which underlie the economic theory of production.
The approach is axiomatic for a definition of technology, by mappings of input vectors into subsets of output vectors that represent the unconstrained technical possibilities of production. To provide a completely general means of characterizing a technology, an alternative to the production function, called the Distance Function, is introduced.
The duality between cost function and production function is developed by introducing a cost correspondence, showing that these two functions are given in terms of each other by dual minimum problems.
The special class of production structures called Homothetic is given more general definition and extended to technologies with multiple outputs.
Originally published in 1971.
The Princeton Legacy Library uses the latest print-on-demand technology to again make available previously out-of-print books from the distinguished backlist of Princeton University Press. These editions preserve the original texts of these important books while presenting them in durable paperback and hardcover editions. The goal of the Princeton Legacy Library is to vastly increase access to the rich scholarly heritage found in the thousands of books published by Princeton University Press since its founding in 1905.
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Theory of Cost and Production Functions
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Princeton University Press, 2015
ISBN 10: 0691620806
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Theory of Cost and Production Functions (Princeton Studies in Mathematical Economics)
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Theory of Cost and Production Functions (Princeton Legacy Library / Studies in Mathematical Economics)
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Soft cover. Condition: Good. Paperback, xi + 308 pages, NOT ex-library. Reprint of the 1970 edition. Good condition, signs of regular wear. Interior is clean and bright with unmarked text, free of inscriptions and stamps, firmly bound. Straight uncreased spine (some cosmetic wrinkles in the protective laminate). Seller Inventory # 012045
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Theory of Cost and Production Functions
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Princeton University Press, US, 2015
ISBN 10: 0691620806
ISBN 13: 9780691620800
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Paperback. Condition: New. A sequel to his frequently cited Cost and Production Functions (1953), this book offers a unified, comprehensive treatment of these functions which underlie the economic theory of production. The approach is axiomatic for a definition of technology, by mappings of input vectors into subsets of output vectors that represent the unconstrained technical possibilities of production. To provide a completely general means of characterizing a technology, an alternative to the production function, called the Distance Function, is introduced. The duality between cost function and production function is developed by introducing a cost correspondence, showing that these two functions are given in terms of each other by dual minimum problems. The special class of production structures called Homothetic is given more general definition and extended to technologies with multiple outputs. Originally published in 1971. The Princeton Legacy Library uses the latest print-on-demand technology to again make available previously out-of-print books from the distinguished backlist of Princeton University Press.These editions preserve the original texts of these important books while presenting them in durable paperback and hardcover editions. The goal of the Princeton Legacy Library is to vastly increase access to the rich scholarly heritage found in the thousands of books published by Princeton University Press since its founding in 1905. Seller Inventory # LU-9780691620800
Quantity: Over 20 available
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Theory of Cost and Production Functions
Published by
Princeton University Press, 2015
ISBN 10: 0691620806
ISBN 13: 9780691620800
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Theory of Cost and Production Functions
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ISBN 10: 0691620806
ISBN 13: 9780691620800
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Theory of Cost and Production Functions
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ISBN 10: 0691620806
ISBN 13: 9780691620800
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Theory of Cost and Production Functions
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Condition: New. Dieser Artikel ist ein Print on Demand Artikel und wird nach Ihrer Bestellung fuer Sie gedruckt. KlappentextrnrnA sequel to his frequently cited Cost and Production Functions (1953), this book offers a unified, comprehensive treatment of these functions which underlie the economic theory of production.nnThe approach is axiomatic for a defin. Seller Inventory # 447033453
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Theory of Cost and Production Functions
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Princeton University Press, US, 2015
ISBN 10: 0691620806
ISBN 13: 9780691620800
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Paperback. Condition: New. A sequel to his frequently cited Cost and Production Functions (1953), this book offers a unified, comprehensive treatment of these functions which underlie the economic theory of production. The approach is axiomatic for a definition of technology, by mappings of input vectors into subsets of output vectors that represent the unconstrained technical possibilities of production. To provide a completely general means of characterizing a technology, an alternative to the production function, called the Distance Function, is introduced. The duality between cost function and production function is developed by introducing a cost correspondence, showing that these two functions are given in terms of each other by dual minimum problems. The special class of production structures called Homothetic is given more general definition and extended to technologies with multiple outputs. Originally published in 1971. The Princeton Legacy Library uses the latest print-on-demand technology to again make available previously out-of-print books from the distinguished backlist of Princeton University Press.These editions preserve the original texts of these important books while presenting them in durable paperback and hardcover editions. The goal of the Princeton Legacy Library is to vastly increase access to the rich scholarly heritage found in the thousands of books published by Princeton University Press since its founding in 1905. Seller Inventory # LU-9780691620800
Quantity: Over 20 available
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Theory of Cost and Production Functions
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Paperback. Condition: Brand New. 320 pages. 9.00x6.00x0.75 inches. In Stock. Seller Inventory # x-0691620806
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