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"ANATOMY" OF THE PRODUCTION FUNCTION: TECHNOLOGICAL MENU AND SELECTION OF THE BEST TECHNOLOGY
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"ANATOMY" OF THE PRODUCTION FUNCTION: TECHNOLOGICAL MENU AND SELECTION OF THE BEST TECHNOLOGY
Annotation
PII
S042473880000616-6-1
Publication type
Article
Status
Published
Authors
Vladimir Matveenko 
Edition
Issue №2
Pages
85-95
Abstract
The paper studies a representation of a “global” production function as a maximum of local production functions under a choice of technological coefficients from a given set – a technological menu. It is shown that such a representation takes place if the technological menu is a support set of the global production function. A representation of global Cobb-Douglas and CES production functions in such form is considered in details.
Keywords
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Date of publication
01.04.2009
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851
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