Representations and Identities for homogeneous Technologies
AbstractUsing up to nine different ways to represent a homogeneous technology, this paper proves explicit one to one identities between most of those different representations of a technology, outlining the homogeneity properties of each representation. These identities, which allow to shift from one representation of a technology to another -and which are summarized in a matrix of identities - can be useful since they provide a tool to obtain explicit functional forms for homogeneous technologies. They can also be useful to simplify computational procedures when different representations of a technology are needed. Finally, the document also refers explicitly to some aspects of producer theory that are often neglected or treated in a marginal way in the literature, such as the inverse supply, the non conditional cost and the inverse input demand functions.
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Bibliographic InfoPaper provided by UNIVERSIDAD DE LOS ANDES-CEDE in its series DOCUMENTOS CEDE with number 004974.
Date of creation: 09 Jun 2008
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- Espinosa Miguel & Bonaldi Pietro & Vallejo Hernán, 2009. "Representations and Identities for Homogeneous Technologies," The B.E. Journal of Theoretical Economics, De Gruyter, vol. 9(1), pages 1-25, September.
- D20 - Microeconomics - - Production and Organizations - - - General
- D21 - Microeconomics - - Production and Organizations - - - Firm Behavior: Theory
- D24 - Microeconomics - - Production and Organizations - - - Production; Cost; Capital; Capital, Total Factor, and Multifactor Productivity; Capacity
This paper has been announced in the following NEP Reports:
- NEP-ALL-2008-08-21 (All new papers)
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- Appelbaum, Elie & Harris, Richard, 1977. "Estimating Technology in an Intertemporal Framework: A Neo-Austrian Approach," The Review of Economics and Statistics, MIT Press, vol. 59(2), pages 161-70, May.
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