Homogeneity and supply
AbstractSupply functions in the ubiquitous Gorman class are examined for their homogeneity properties. Homogeneity places surprisingly strong restrictions on functional forms. These forms facilitate testing of aggregability given homogeneity or homogeneity given aggregability or testing both.
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Bibliographic InfoPaper provided by University of California at Berkeley, Department of Agricultural and Resource Economics and Policy in its series CUDARE Working Paper Series with number 1043.
Length: 26 pages
Date of creation: 2007
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Postal: University of California, Giannini Foundation of Agricultural Economics Library, 248 Giannini Hall #3310, Berkeley CA 94720-3310
Other versions of this item:
- LaFrance, Jeffrey T & Pope, Rulon D., 2007. "Homogeneity and Supply," Department of Agricultural & Resource Economics, UC Berkeley, Working Paper Series qt9kw967kf, Department of Agricultural & Resource Economics, UC Berkeley.
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