Fundamentals of Production Theory

This graduate text develops production theory from a set of reasonable axioms. The theory is presented both in a primal and dual as well as in an indirect (constrained) framework. The basic model leads to a set of efficiency measures which can be readily employed in empirical work. A first draft of the text was used to teach students at Vanderbilt University. The text includes a variety of exercise problems.

List of contents

The Production Structure.- Representing the Technology by Functions.- Special Production Structures.- Input Quantity Restricted Production.- Cost, Revenue and Duality.- Cost and Revenue Restricted Production.- Towards A Dynamic Theory of Production.- Performance Gauging.

Product details

• Authors: Rolf Färe
• Publisher: Springer, Berlin
• Languages: English
• Product format: Paperback / Softback
• Released: 26.07.2013
• EAN: 9783540500308
• ISBN: 978-3-540-50030-8
• No. of pages: 163
• Dimensions: 165 mm x 240 mm x 12 mm
• Weight: 447 g
• Illustrations: IX, 163 p.
• Series: Lecture Notes in Economics and Mathematical Systems; Lecture Notes in Economics and Mathematical Systems
• Subject: Social sciences, law, business > Business > Management