Anatomy of production functions: a technological menu and a choice of the best technology
Jones (2005) proposed microfoundations for the Cobb-Douglas production function. We show that Jones' technological menu is a special case of a concept of support set discussed by Matveenko (1997) and Rubinov, Glover (1998) by use of a duality approach. We use this approach to clarify the relation between different production functions and technological menus. Also we construct an "ideas model" generating CES production function.
Volume (Year): 30 (2010)
Issue (Month): 3 ()
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