IDEAS home Printed from https://ideas.repec.org/a/spr/anresc/v28y1994i4p345-67.html
   My bibliography  Save this article

The Entropy Production Function and Its Application to the Multi-commodity and Multi-sector Model

Author

Listed:
  • Miyagi, Toshihiko

Abstract

Although 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.

Suggested Citation

  • Miyagi, Toshihiko, 1994. "The Entropy Production Function and Its Application to the Multi-commodity and Multi-sector Model," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 28(4), pages 345-367, December.
    • Handle: RePEc:spr:anresc:v:28:y:1994:i:4:p:345-67
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below 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.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:anresc:v:28:y:1994:i:4:p:345-67. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.