Description

Book Synopsis

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 techni



Table of Contents
*Frontmatter, pg. i*Preface, pg. vii*Table of Contents, pg. ix*Chapter 1. Introduction, pg. 1*Chapter 2. The Producton Functon, pg. 13*Chapter 3. The Distance Function of a Production Structure, pg. 64*Chapter 4. The Factor Minimal Cost Function, pg. 79*Chapter 5. The Cost Structure, pg. 96*Chapter 6. The Aggregation Problem for Cost and Production Functions, pg. 114*Chapter 7. The Price Minimal Cost Function, pg. 147*Chapter 8. Duality of Cost and Production Structures and Related Functions, pg. 159*Chapter 9. Production Correspondences, pg. 178*Chapter 10. Cost and Benefit (Revenue) Functions for Production Correspondences, and the Related Cost, Benefit (Revenue), Cost-Limited-Output and Benefit (Revenue)-Afforded-Input Correspondences, pg. 223*Chapter 11. Dualities for Production Correspondences, pg. 261*Appendix 1. Mathematical Concepts and Theorems for Semi-Continuity and Quasi-Concavity (Convexity), pg. 295*Appendix 2. Mathematical Concepts and Propositions for Correspondences, pg. 298*Appendix 3. Utility Functions, pg. 301*Index, pg. 306

Theory of Cost and Production Functions

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    A Paperback / softback by Ronald William Shephard

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      Publisher: Princeton University Press
      Publication Date: Publication Date: 08/03/2015
      ISBN13: 9780691620800, 978-0691620800
      ISBN10: 0691620806

      Description

      Book Synopsis

      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 techni



      Table of Contents
      *Frontmatter, pg. i*Preface, pg. vii*Table of Contents, pg. ix*Chapter 1. Introduction, pg. 1*Chapter 2. The Producton Functon, pg. 13*Chapter 3. The Distance Function of a Production Structure, pg. 64*Chapter 4. The Factor Minimal Cost Function, pg. 79*Chapter 5. The Cost Structure, pg. 96*Chapter 6. The Aggregation Problem for Cost and Production Functions, pg. 114*Chapter 7. The Price Minimal Cost Function, pg. 147*Chapter 8. Duality of Cost and Production Structures and Related Functions, pg. 159*Chapter 9. Production Correspondences, pg. 178*Chapter 10. Cost and Benefit (Revenue) Functions for Production Correspondences, and the Related Cost, Benefit (Revenue), Cost-Limited-Output and Benefit (Revenue)-Afforded-Input Correspondences, pg. 223*Chapter 11. Dualities for Production Correspondences, pg. 261*Appendix 1. Mathematical Concepts and Theorems for Semi-Continuity and Quasi-Concavity (Convexity), pg. 295*Appendix 2. Mathematical Concepts and Propositions for Correspondences, pg. 298*Appendix 3. Utility Functions, pg. 301*Index, pg. 306

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