Theory of Cost and Production Functions

ISBN: 9780691620800 出版年：2015 页码：320 Shepherd, Ronald William Princeton University Press

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.