Theory of Cost and Production Functions
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A01=Ronald William Shephard
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Age Group_Uncategorized
Aggregate data
Aggregation problem
Author_Ronald William Shephard
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Axiom
Boundary (topology)
Bounded set (topological vector space)
Calculation
Cartesian product
Category1=Non-Fiction
Category=KCC
Cobb-Douglas production function
Commodity
Continuous function (set theory)
COP=United States
Cost curve
Cost of operation
Decision-making
Delivery_Delivery within 10-20 working days
Differentiable function
Dimension (vector space)
Domain of a function
Duality (optimization)
Economic equilibrium
Economic planning
Elasticity of substitution
eq_bestseller
eq_business-finance-law
eq_isMigrated=2
eq_nobargain
eq_non-fiction
Equation
Exchange economy
Existential quantification
Factor price
Factorization
Factors of production
Function (mathematics)
General equilibrium theory
Homogeneous function
Indirect utility function
Infimum and supremum
Interior (topology)
Intersection (set theory)
Inverse function
Isoquant
Lagrange multiplier
Language_English
Loss function
Marginal cost
Marginal product
Marginal utility
Marginal value
Mathematical optimization
Maxima and minima
Monotonic function
PA=Available
Partial derivative
Preference (economics)
Price index
Price level
Price point
Price_€50 to €100
Production function
Production planning
Production set
Production theory
PS=Active
Quasiconvex function
Real versus nominal value (economics)
Relative value (economics)
Schematic
Semi-continuity
Shadow price
softlaunch
Solution set
Subsequence
Subset
Supply (economics)
Technology
The Product Space
Theory
Total cost
Transfer function
Utility
Weighted geometric mean
Product details
- ISBN 9780691620800
- Weight: 454g
- Dimensions: 152 x 235mm
- Publication Date: 08 Mar 2015
- Publisher: Princeton University Press
- Publication City/Country: US
- Product Form: Paperback
- Language: English
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A sequel to his frequently cited Cost and Production Functions (1953), this book offers a unified, comprehensive treatment of these functions which underlie the economic theory of production. The approach is axiomatic for a definition of technology, by mappings of input vectors into subsets of output vectors that represent the unconstrained technical possibilities of production. To provide a completely general means of characterizing a technology, an alternative to the production function, called the Distance Function, is introduced. The duality between cost function and production function is developed by introducing a cost correspondence, showing that these two functions are given in terms of each other by dual minimum problems. The special class of production structures called Homothetic is given more general definition and extended to technologies with multiple outputs. Originally published in 1971. The Princeton Legacy Library uses the latest print-on-demand technology to again make available previously out-of-print books from the distinguished backlist of Princeton University Press.
These editions preserve the original texts of these important books while presenting them in durable paperback and hardcover editions. The goal of the Princeton Legacy Library is to vastly increase access to the rich scholarly heritage found in the thousands of books published by Princeton University Press since its founding in 1905.
