Management and Production Efficiency
AbstractThis paper is aimed at discussing, within the framework of production microeconomics, the properties of production sets with hidden, non observable management inputs. We assume that the effect of such inputs is to enhance the productivities of factors, and may be described through a one-dimensional real variable z. We show that, under some reasonable regularity conditions for the production set that are in line with our basic assumptions onthe effect of management, z may, in general, be expressed by some functio n of the input vector x, and the ouput vecor y, which is uppersemicontinuous in x and y, nonincreasing in x, and nondecreasing in y.
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Bibliographic InfoPaper provided by Universite Aix-Marseille III in its series G.R.E.Q.A.M. with number 97a04.
Length: 16 pages
Date of creation: 1997
Date of revision:
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Postal: G.R.E.Q.A.M., (GROUPE DE RECHERCHE EN ECONOMIE QUANTITATIVE D'AIX MARSEILLE), CENTRE DE VIEILLE CHARITE, 2 RUE DE LA CHARITE, 13002 MARSEILLE.
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- D20 - Microeconomics - - Production and Organizations - - - General
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- D24 - Microeconomics - - Production and Organizations - - - Production; Cost; Capital; Capital, Total Factor, and Multifactor Productivity; Capacity
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