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Surplus measures and luenberger Hicks–Moorsteen productivity indicator

Author

Listed:
  • Arnaud Abad

    (BETA - Bureau d'Économie Théorique et Appliquée - INRA - Institut National de la Recherche Agronomique - UNISTRA - Université de Strasbourg - UL - Université de Lorraine - CNRS - Centre National de la Recherche Scientifique)

  • Rabaozafy Louisa Andriamasy

    (UPVD - Université de Perpignan Via Domitia)

  • Walter Briec

    (UPVD - Université de Perpignan Via Domitia, LAMPS - LAboratoire de Modélisation Pluridisciplinaire et Simulations - UPVD - Université de Perpignan Via Domitia)

Abstract

This paper extends to production theory some notions of compensated and equivalent variation analyzed in Luenberger (Econ Theory 7:445-462, 1996) in a consumer context. Along this line the Luenberger-Hicks-Moorsteen productivity indicator introduced in Briec and Kerstens (Econ Theory 23:925-939, 2004) is derived from these concepts for multi-output production technologies. The dual properties of this productivity indicator are analyzed and an aggregate indicator is introduced inspired from the resource function proposed in Luenberger (1996). A connection to a suitable Slutsky matrix is established.

Suggested Citation

  • Arnaud Abad & Rabaozafy Louisa Andriamasy & Walter Briec, 2018. "Surplus measures and luenberger Hicks–Moorsteen productivity indicator," Post-Print hal-03025392, HAL.
    • Handle: RePEc:hal:journl:hal-03025392
    DOI: 10.1007/s00712-018-0611-7
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    JEL classification:

    • D24 - Microeconomics - - Production and Organizations - - - Production; Cost; Capital; Capital, Total Factor, and Multifactor Productivity; Capacity

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