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Pseudoproduction, Pseudocost and Profit Functions in Monopoly from the Dual Perspective

Author

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  • Vrankić Ilko
  • Krpan Mira

    (Faculty of Economics and Business, University of Zagreb, Croatia)

Abstract

Background: Duality in the microeconomic theory enables us to represent consumers’ preferences and production technology with various dual functions satisfying certain regularity conditions.

Suggested Citation

  • Vrankić Ilko & Krpan Mira, 2016. "Pseudoproduction, Pseudocost and Profit Functions in Monopoly from the Dual Perspective," Business Systems Research, Sciendo, vol. 7(2), pages 49-64, September.
    • Handle: RePEc:bit:bsrysr:v:7:y:2016:i:2:p:49-64
    DOI: 10.1515/bsrj-2016-0012
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    References listed on IDEAS

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    1. Walter Briec & Kristiaan Kerstens & Philippe Venden Eeckaut, 2004. "Non-convex Technologies and Cost Functions: Definitions, Duality and Nonparametric Tests of Convexity," Journal of Economics, Springer, vol. 81(2), pages 155-192, February.
    2. Fuss, Melvyn & McFadden, Daniel (ed.), 1978. "Production Economics: A Dual Approach to Theory and Applications," Elsevier Monographs, Elsevier, edition 1, number 9780444850133.
    3. Fuss, Melvyn & McFadden, Daniel, 1978. "Production Economics: A Dual Approach to Theory and Applications (I): The Theory of Production," History of Economic Thought Books, McMaster University Archive for the History of Economic Thought, volume 1, number fuss1978.
    4. Taylor, C. Robert, 1989. "Duality, Optimization, And Microeconomic Theory: Pitfalls For The Applied Researcher," Western Journal of Agricultural Economics, Western Agricultural Economics Association, vol. 14(2), pages 1-13, December.
    5. Timo Kuosmanen, 2003. "Duality Theory of Non-convex Technologies," Journal of Productivity Analysis, Springer, vol. 20(3), pages 273-304, November.
    6. Fuss, Melvyn & McFadden, Daniel, 1978. "Production Economics: A Dual Approach to Theory and Applications (II): Applications of the Theory of Production," History of Economic Thought Books, McMaster University Archive for the History of Economic Thought, volume 2, number fuss1978a.
    7. Lau, Lawrence J., 1978. "Applications of Profit Functions," Histoy of Economic Thought Chapters, in: Fuss, Melvyn & McFadden, Daniel (ed.),Production Economics: A Dual Approach to Theory and Applications, volume 1, chapter 3, McMaster University Archive for the History of Economic Thought.
    Full references (including those not matched with items on IDEAS)

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