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Tangency Capacity Notions Based upon the Pro?t and Cost Functions: A Non-Parametric Approach and a Comparison

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Author Info
Walter Briec (University of Perpignan, LAMPS)
Kristiaan Kerstens () (CNRS-LEM (UMR 8179), IÉSEG School of Management)
Diego Prior (Universitat Autònoma de Barcelona, Spain)
Abstract

This contribution provides a way to de?ne and compute a tangency notion of economic capacity based upon the relation between the various directional distance functions and the pro?t and cost functions using non-parametric technologies. A new result relating pro?t and cost function-based tangency capacity notions is established.

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File URL: http://my.ieseg.fr/bienvenue/DownloadDoc.asp?Fich=14417027_2009-ECO-05_Briec_KK_Prior.pdf
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Publisher Info
Paper provided by IESEG School of Management in its series Working Papers with number 2009-ECO-05.

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Length: 23 pages
Date of creation: Apr 2009
Date of revision:
Handle: RePEc:ies:wpaper:e200905

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Related research
Keywords: economic capacity; pro?t function; cost function; directional distance function; tangency;

Find related papers by JEL classification:
C61 - Mathematical and Quantitative Methods - - Mathematical Methods and Programming - - - Optimization Techniques; Programming Models; Dynamic Analysis
D24 - Microeconomics - - Production and Organizations - - - Production; Capital and Total Factor Productivity; Capacity

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