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Management and Production Efficiency


  • Park, S-U.
  • Lesourd, J.B.


This paper is aimed at discussing, within the framework of production microeconomics, the properties of production sets with hidden, non observable management inputs. We assume that the effect of such inputs is to enhance the productivities of factors, and may be described through a one-dimensional real variable z. We show that, under some reasonable regularity conditions for the production set that are in line with our basic assumptions onthe effect of management, z may, in general, be expressed by some functio n of the input vector x, and the ouput vecor y, which is uppersemicontinuous in x and y, nonincreasing in x, and nondecreasing in y.

Suggested Citation

  • Park, S-U. & Lesourd, J.B., 1997. "Management and Production Efficiency," G.R.E.Q.A.M. 97a04, Universite Aix-Marseille III.
  • Handle: RePEc:fth:aixmeq:97a04

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    References listed on IDEAS

    1. Romer, Paul M, 1986. "Increasing Returns and Long-run Growth," Journal of Political Economy, University of Chicago Press, vol. 94(5), pages 1002-1037, October.
    2. Aghion, Philippe & Howitt, Peter, 1992. "A Model of Growth through Creative Destruction," Econometrica, Econometric Society, vol. 60(2), pages 323-351, March.
    3. Deneckere, Raymond & Pelikan, Steve, 1986. "Competitive chaos," Journal of Economic Theory, Elsevier, vol. 40(1), pages 13-25, October.
    4. Nyssen, Jules, 1994. "Social efficiency of bubbles in the Grossman and Helpman endogenous growth model," Economics Letters, Elsevier, vol. 45(2), pages 197-202, June.
    5. Shleifer, Andrei, 1986. "Implementation Cycles," Journal of Political Economy, University of Chicago Press, vol. 94(6), pages 1163-1190, December.
    6. Boldrin, Michele & Montrucchio, Luigi, 1986. "On the indeterminacy of capital accumulation paths," Journal of Economic Theory, Elsevier, vol. 40(1), pages 26-39, October.
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    JEL classification:

    • D20 - Microeconomics - - Production and Organizations - - - General
    • D21 - Microeconomics - - Production and Organizations - - - Firm Behavior: Theory
    • D24 - Microeconomics - - Production and Organizations - - - Production; Cost; Capital; Capital, Total Factor, and Multifactor Productivity; Capacity


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