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Representations and Identities for Homogeneous Technologies.
Abstract

Using up to nine different ways to represent a homogeneous technology, this paper proves explicit one to one identities between most of those different representations of a technology, outlining the homogeneity properties of each representation. These identities, which allow to shift from one representation of a technology to another -and which are summarized in a matrix of identities - can be useful since they provide a tool to obtain explicit functional forms for homogeneous technologies. They can also be useful to simplify computational procedures when different representations of a technology are needed. Finally, the document also refers explicitly to some aspects of producer theory that are often neglected or treated in a marginal way in the literature, such as the inverse supply, the non conditional cost and the inverse input demand functions.

Autores:
Espinosa, Miguel; Bonaldi, Pietro; Vallejo, Hernán.
Palabras clave:
homogeneous production functions and firm theory, Identities
Archivo:
Año:
2008
Mes:
Junio
Número:
8