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The Theory of the Firm and the Concept of an Elasticity of Substitution of Product Space

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  • Debertin, David L.

Abstract

Much of the theory of the firm in product space is not nearly as well developed as the theory of the firm in factor space. For example, both general and agricultura1 economists have devoted considerable effort to developing functional forms representing production processes in factor space, but the companion effort in product space has been very limited. The purpose of this paper is to present some product-space concepts analogous to those commonly used in factor space.
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Suggested Citation

  • Debertin, David L., 1987. "The Theory of the Firm and the Concept of an Elasticity of Substitution of Product Space," Staff Papers 140094, University of Kentucky, Department of Agricultural Economics.
    • Handle: RePEc:ags:ukysps:140094
    DOI: 10.22004/ag.econ.140094
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    Keywords

    Industrial Organization; Production Economics; Research and Development/Tech Change/Emerging Technologies;
    All these keywords.

    JEL classification:

    • Q12 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Micro Analysis of Farm Firms, Farm Households, and Farm Input Markets

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