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A Sure Bet on Symmetry

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  • Quirino Paris

Abstract

This paper argues that assertions appearing in the literature about alleged failure of duality to recover all the desired information about the case of multiple outputs with fixed allocatable inputs are incorrect. The paper shows that through the use of shadow prices of fixed inputs, it is possible to apply the familiar Euler-Legendre transformation and recover all the desired information. The principal avenue for achieving these results is the process of decoupling the primal from the dual problem.

Suggested Citation

  • Quirino Paris, 1989. "A Sure Bet on Symmetry," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 71(2), pages 344-351.
    • Handle: RePEc:oup:ajagec:v:71:y:1989:i:2:p:344-351.
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    File URL: http://hdl.handle.net/10.2307/1241592
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    Citations

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    Cited by:

    1. Chambers, Robert G., 1989. "The Simple Analytics of Nonjoint Production Relations," Working Papers 197621, University of Maryland, Department of Agricultural and Resource Economics.
    2. C. Richard Shumway, 1993. "Production economics: Worthwhile investment?," Agricultural Economics, International Association of Agricultural Economists, vol. 9(2), pages 89-108, August.
    3. Eleonora Matteazzi & Martina Menon & Federico Perali, 2017. "The Collective Farm-household Model: Policy and Welfare Simulations," Applied Economic Perspectives and Policy, Agricultural and Applied Economics Association, vol. 39(1), pages 111-153.
    4. Shumway, C. Richard, 1995. "Recent Duality Contributions In Production Economics," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 20(1), pages 1-17, July.
    5. Gocht, Alexander, 2008. "Estimating input allocation for farm supply models," 107th Seminar, January 30-February 1, 2008, Sevilla, Spain 6469, European Association of Agricultural Economists.
    6. M. Menon & F. Perali & F. Rosati, 2005. "The Shadow Wage of Child Labour: An Application to Nepal," UCW Working Paper 11, Understanding Children's Work (UCW Programme).

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