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An Introduction To Cost And Production Functions
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Book Synopsis Theory of Cost and Production Functions by : Ronald William Shephard
Download or read book Theory of Cost and Production Functions written by Ronald William Shephard and published by Princeton University Press. This book was released on 2016-04-19 with total page 320 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Book Synopsis An Introduction to Cost and Production Functions by : David F. Heathfield
Download or read book An Introduction to Cost and Production Functions written by David F. Heathfield and published by . This book was released on 1987 with total page 216 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Cost and Production Functions by : R.W. Shephard
Download or read book Cost and Production Functions written by R.W. Shephard and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 116 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study is the result of an interest in the economic theory of production intermittently pursued during the past three years. Over this period I have received substantial support from the Office of Naval Research, first from a personal service consulting contract directly with the Mathematics Division of the Office of Naval Research and secondly from Project N6 onr-27009 at Princeton Univer sity under the direction of Professor Oskar Morgenstern. Grateful acknowledgement is made to the ·Office of Naval Research for this support and to Professor Morgenstern, in particular, for his interest in the puolication of this research. The responsibility for errors and omissions, how ever, rests entirely upon the author. Professor G. C. Evans has given in terms of a simple total cost function, depending solely upon output rate, a treatment of certain aspects of the economic theory of production which has inherent generality and convenience of formulation. The classical approach of expressing the technology of production by means of a production function is potentially less restrictive than the use of a simple total cost function, but it has not been applied in a more general form other than to derive the familiar conditions between marginal productivities of the factors of produc tion and their market prices.
Book Synopsis Theory of Production and Cost by : Günter Fandel
Download or read book Theory of Production and Cost written by Günter Fandel and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 415 pages. Available in PDF, EPUB and Kindle. Book excerpt: Production theory and the theory of cost both belong to the central areas of business administration, for all considerations concerning the economic organization of industrial manufacturing processes start from these. Two developments in the past 30 years have had a considerable influence on the structure and the concentration on points of emphasis in this book. I am referring to findings from KOOPMANS' activity analysis and to the formulation by GUTENBERG of a production function concept that focuses on industrial production processes. Activity analysis has made it possible to develop, from a uniform approach, different types of production functions which describe the concrete principles of production in the productive sector of a business enterprise; this has created a common basis for all production concepts in business administration. The Gutenberg Production Function with its different kinds of adjustment to a changing output has opened up a flexibility to theoretical and practical considerations that gave rise to a large number of additional studies in this area. Considerations in cost theory were in particular need of considerable extensions in the direction of cost minimal combined adjustment processes. By means of the organization of its contents, this book will take both approaches into due account. In that way, it is vastly different from other books dealing with the same subject. As a matter of course, traditional analytical methods and ways of thinking also constitute a large part of the book.
Book Synopsis Cost and Production Functions by : Ronald William Shephard
Download or read book Cost and Production Functions written by Ronald William Shephard and published by . This book was released on 1953 with total page 104 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Cost and Production Functions by : Ronald William Shephard
Download or read book Cost and Production Functions written by Ronald William Shephard and published by . This book was released on 1953 with total page 104 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Production and Cost Functions by : Erkin Bairam
Download or read book Production and Cost Functions written by Erkin Bairam and published by Routledge. This book was released on 2018-04-27 with total page 140 pages. Available in PDF, EPUB and Kindle. Book excerpt: This title was first published in 2001. The objective of this book is to discuss specification and applications of new production, cost and profit functions. It is aimed at specialists in production, economic growth, costs, profits and applied econometrics in particular.
Book Synopsis Indirect Production Functions by : Ronald William Shephard
Download or read book Indirect Production Functions written by Ronald William Shephard and published by . This book was released on 1974 with total page 99 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Production Economics by : Steven T. Hackman
Download or read book Production Economics written by Steven T. Hackman and published by Springer Science & Business Media. This book was released on 2008-01-28 with total page 523 pages. Available in PDF, EPUB and Kindle. Book excerpt: This scholarly yet accessible book provides an introduction to the main topics in production economics. The book successfully integrates two historically distinct perspectives on modeling technology: from microeconomics and engineering.
Book Synopsis Production Function by : Fouad Sabry
Download or read book Production Function written by Fouad Sabry and published by One Billion Knowledgeable. This book was released on 2024-02-04 with total page 292 pages. Available in PDF, EPUB and Kindle. Book excerpt: What is Production Function The production function is a concept in economics that describes the technological relationship that exists between the quantities of physical inputs and the quantities of things that are produced. When it comes to standard neoclassical ideas, the production function is one of the most important notions. It is utilized to define marginal product and to differentiate allocative efficiency, which is a very important aspect of economics. As an engineer or a professional manager might understand it, one of the most important purposes of the production function is to address allocative efficiency in the use of factor inputs in production and the resulting distribution of income to those factors. This is accomplished while abstracting away from the technological problems that arise in the process of achieving technical efficiency. How you will benefit (I) Insights, and validations about the following topics: Chapter 1: Production function Chapter 2: Physical capital Chapter 3: Growth accounting Chapter 4: Marginal cost Chapter 5: Cobb-Douglas production function Chapter 6: Marginal product Chapter 7: Diminishing returns Chapter 8: Output (economics) Chapter 9: Returns to scale Chapter 10: Cost curve Chapter 11: Solow-Swan model Chapter 12: Total cost Chapter 13: Constant elasticity of substitution Chapter 14: Supply (economics) Chapter 15: Production (economics) Chapter 16: Marginal product of capital Chapter 17: Productivity Chapter 18: Marginal product of labor Chapter 19: AK model Chapter 20: Technological theory of social production Chapter 21: Cambridge capital controversy (II) Answering the public top questions about production function. (III) Real world examples for the usage of production function in many fields. Who this book is for Professionals, undergraduate and graduate students, enthusiasts, hobbyists, and those who want to go beyond basic knowledge or information for any kind of Production Function.
Book Synopsis An Introduction to Efficiency and Productivity Analysis by : Timothy J. Coelli
Download or read book An Introduction to Efficiency and Productivity Analysis written by Timothy J. Coelli and published by Springer Science & Business Media. This book was released on 2005-07-22 with total page 376 pages. Available in PDF, EPUB and Kindle. Book excerpt: Softcover version of the second edition Hardcover. Incorporates a new author, Dr. Chris O'Donnell, who brings considerable expertise to the project in the area of performance measurement. Numerous topics are being added and more applications using real data, as well as exercises at the end of the chapters. Data sets, computer codes and software will be available for download from the web to accompany the volume.
Book Synopsis Cost and Production Functions - A Survey by : Ronald W. Shephard
Download or read book Cost and Production Functions - A Survey written by Ronald W. Shephard and published by . This book was released on 1974 with total page 41 pages. Available in PDF, EPUB and Kindle. Book excerpt: Presented is a survey of recent developments in the theory of cost and production functions, contrasting with the notion of a production function as used in econometric studies. (Author).
Book Synopsis Duality Between Cost and Production Functions by : Ronald William Shephard
Download or read book Duality Between Cost and Production Functions written by Ronald William Shephard and published by . This book was released on 1967 with total page 49 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Intermediate Microeconomics by : Patrick M. Emerson
Download or read book Intermediate Microeconomics written by Patrick M. Emerson and published by . This book was released on 2019 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Production Functions, Cost Functions and Returns to Scale Functions by : Arnold Zellner
Download or read book Production Functions, Cost Functions and Returns to Scale Functions written by Arnold Zellner and published by . This book was released on 1992 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Cost and Production Functions by : Brandon Sanchez
Download or read book Cost and Production Functions written by Brandon Sanchez and published by . This book was released on 2016 with total page 192 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis An Introduction to Efficiency and Productivity Analysis by : Timothy J. Coelli
Download or read book An Introduction to Efficiency and Productivity Analysis written by Timothy J. Coelli and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 278 pages. Available in PDF, EPUB and Kindle. Book excerpt: An Introduction to Efficiency and Productivity Analysis is designed as a primer for anyone seeking an authoritative introduction to efficiency and productivity analysis. It is a systematic treatment of four relatively new methodologies in Efficiency/Production Analysis: (a) Least-Squares Econometric Production Models, (b) Total Factor Productivity (TFP) Indices, (c) Data Envelopment Analysis (DEA), and (d) Stochastic Frontiers. Each method is discussed thoroughly. First, the basic elements of each method are discussed using models to illustrate the method's fundamentals, and, second, the discussion is expanded to treat the extensions and varieties of each method's uses. Finally, one or more case studies are provided as a full illustration of how each methodology can be used. In addition, all four methodologies will be linked in the book's presentation by examining the advantages and disadvantages of each method and the problems to which each method can be most suitably applied. The book offers the first unified text presentation of methods that will be of use to students, researchers and practitioners who work in the growing area of Efficiency/Productivity Analysis. The book also provides detailed advice on computer programs which can be used to calculate the various measures. This involves a number of presentations of computer instructions and output listings for the SHAZAM, TFPIP, DEAP and FRONTIER computer programs.
