Description: Theory of Cost and Production Functions, Hardcover by Shepherd, Ronald William, ISBN 0691647526, ISBN-13 9780691647524, Brand New, Free shipping in the US
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.
Price: 168.13 USD
Location: Jessup, Maryland
End Time: 2024-12-08T08:45:18.000Z
Shipping Cost: 0 USD
Product Images
Item Specifics
Return shipping will be paid by: Buyer
All returns accepted: Returns Accepted
Item must be returned within: 14 Days
Refund will be given as: Money Back
Return policy details:
Book Title: Theory of Cost and Production Functions
Number of Pages: 322 Pages
Language: English
Publication Name: Theory of Cost and Production Functions
Publisher: Princeton University Press
Subject: Industrial Engineering, Economics / Microeconomics
Publication Year: 2016
Item Height: 0.9 in
Type: Textbook
Item Weight: 22 Oz
Subject Area: Technology & Engineering, Business & Economics
Author: Ronald William Shephard
Item Length: 9.5 in
Series: Princeton Studies in Mathematical Economics Ser.
Item Width: 6.9 in
Format: Hardcover
