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The Complete Theory of Generalized CES Production Function

Author

Listed:
  • Catalin Angelo IOAN

    (Danubius University of Galati, Department of Finance and Business Administration)

  • Gina IOAN

    (Danubius University of Galati, Department of Finance and Business Administration)

Abstract

The paper treats various aspects concerning the generalized CES production function. On the one hand were highlighted conditions for the existence of the generalized CES function. Also were calculated the main indicators of it and short and long-term costs. It has also been studied the dependence of long-term cost of the parameters of the production function. The determination of profit was made both for perfect competition market and maximizes its conditions. Also we have studied the effects of Hicks and Slutsky and the production efficiency problem.

Suggested Citation

  • Catalin Angelo IOAN & Gina IOAN, 2015. "The Complete Theory of Generalized CES Production Function," The Journal of Accounting and Management, Danubius University of Galati, issue 2, pages 15-37, August.
    • Handle: RePEc:dug:jaccma:y:2015:i:2:p:15-37
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    File URL: http://journals.univ-danubius.ro/index.php/jam/article/view/2702
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    References listed on IDEAS

    as
    1. Catalin Angelo Ioan & Gina Ioan, 2011. "The Extreme of a Function Subject to Restraint Conditions," Acta Universitatis Danubius. OEconomica, Danubius University of Galati, issue 3(3), pages 203-207, June.
    2. Catalin Angelo Ioan & Gina Ioan, 2012. "On the General Theory of Production Functions," Acta Universitatis Danubius. OEconomica, Danubius University of Galati, issue 5(5), pages 225-238, October.
    Full references (including those not matched with items on IDEAS)

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