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THE USE OF THE h-HOMOGENOUS PRODUCTION FUNCTION IN MICROECONOMICS. MODELLING CHALLENGES

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  • MIHAI Adela
  • SANDU Mihaela

Abstract

Recently, some geometric properties of h-homogeneous production functions with applications in microeconomics were studied (Chen, 2011), (Chen, 2012). In this paper we continue the study of geometry of h-homogeneous production functions by considering the minimality property of the production hypersurface and also the minimality of a production surfaces corresponding to a quasi-sum production function of 2- variables.

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  • MIHAI Adela & SANDU Mihaela, 2012. "THE USE OF THE h-HOMOGENOUS PRODUCTION FUNCTION IN MICROECONOMICS. MODELLING CHALLENGES," Revista Economica, Lucian Blaga University of Sibiu, Faculty of Economic Sciences, vol. 0(1), pages 465-472.
    • Handle: RePEc:blg:reveco:v:supplement:y:2012:i:1:p:465-472
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