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Pseudoproduction, Pseudocost and Profit Functions in Monopoly from the Dual Perspective


  • Vrankić Ilko


  • Krpan Mira

    () (Faculty of Economics and Business, University of Zagreb, Croatia)


Background: Duality in the microeconomic theory enables us to represent consumers’ preferences and production technology with various dual functions satisfying certain regularity conditions.

Suggested Citation

  • Vrankić Ilko & Krpan Mira, 2016. "Pseudoproduction, Pseudocost and Profit Functions in Monopoly from the Dual Perspective," Business Systems Research, Sciendo, vol. 7(2), pages 49-64, September.
  • Handle: RePEc:bit:bsrysr:v:7:y:2016:i:2:p:49-64

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    duality; pseudoproduction function; pseudocost function; profit function; Hotelling’s lemma;

    JEL classification:

    • D - Microeconomics


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