The Entropy Production Function and Its Application to the Multi-commodity and Multi-sector Model
AbstractAlthough the entropy function has been widely used in regional science, its underlying economic implications do not seem to have been explored in a significant way. The main purpose of this paper is an attempt to reconcile entropy model approaches with production theory in economics. In order to do so, we start with an appropriate assumption about cross-price elasticities of the input demand function of individual firms, and show that the existence of variations in price elasticities among demanded commodities induces heterogeneous production behaviour. As a result, we can have an entropic form of the production function. This type of production function is first developed for a single output firm, then extended to include multi-output and multi-input production industries.
Download InfoTo our knowledge, this item is not available for download. To find whether it is available, there are three options:
1. Check below under "Related research" whether another version of this item is available online.
2. Check on the provider's web page whether it is in fact available.
3. Perform a search for a similarly titled item that would be available.
Bibliographic InfoArticle provided by Springer in its journal Annals of Regional Science.
Volume (Year): 28 (1994)
Issue (Month): 4 (December)
Contact details of provider:
Web page: http://link.springer.de/link/service/journals/00168/index.htm
More information through EDIRC
You can help add them by filling out this form.
reading list or among the top items on IDEAS.Access and download statisticsgeneral information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Guenther Eichhorn) or (Christopher F Baum).
If references are entirely missing, you can add them using this form.