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Dynamic Factor Demands Using Intertemporal Duality

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  • Larson, Bruce A.

Abstract

Intertemporal duality can be used for empirical research to derive a system of optimal choice functions (dynamic factor demands and output supplies) consistent with an explicity dynamic optimization framework While the literature on intertemporal duality focuses on infinite-horizon autonomous problems, many applied problems cannot be analyzed within this framework This article uses intertemporal duality to specify a system of optimal choice functions for a broader and less restrictive set of intertemporal planning problems

Suggested Citation

  • Larson, Bruce A., 1988. "Dynamic Factor Demands Using Intertemporal Duality," Journal of Agricultural Economics Research, United States Department of Agriculture, Economic Research Service, vol. 41(01), pages 1-6.
    • Handle: RePEc:ags:uersja:137664
    DOI: 10.22004/ag.econ.137664
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    References listed on IDEAS

    as
    1. Ramon E. Lopez, 1985. "Supply Response and Investment in the Canadian Food Processing Industry," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 67(1), pages 40-48.
    2. Larry G. Epstein, 1981. "Duality Theory and Functional Forms for Dynamic Factor Demands," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 48(1), pages 81-95.
    3. Chambers, Robert G. & Lopez, Ramon E., 1984. "A General, Dynamic, Supply-Response Model," Northeastern Journal of Agricultural and Resource Economics, Northeastern Agricultural and Resource Economics Association, vol. 13(2), pages 1-13, October.
    4. Burgess, David F., 1975. "Duality theory and pitfalls in the specification of technologies," Journal of Econometrics, Elsevier, vol. 3(2), pages 105-121, May.
    5. McLaren, Keith R & Cooper, Russel J, 1980. "Intertemporal Duality: Application to the Theory of the Firm," Econometrica, Econometric Society, vol. 48(7), pages 1755-1762, November.
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