Theory of Cost and Production Functions

Theory of Cost and Production Functions PDF Author: Ronald William Shephard
Publisher: Princeton University Press
ISBN: 1400871085
Category : Business & Economics
Languages : en
Pages : 321

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Book Description
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.

Theory of Cost and Production Functions

Theory of Cost and Production Functions PDF Author: Ronald William Shephard
Publisher: Princeton University Press
ISBN: 1400871085
Category : Business & Economics
Languages : en
Pages : 321

Get Book Here

Book Description
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.

Stochastic Models, Statistics and Their Applications

Stochastic Models, Statistics and Their Applications PDF Author: Ansgar Steland
Publisher: Springer
ISBN: 3319138812
Category : Mathematics
Languages : en
Pages : 479

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Book Description
This volume presents the latest advances and trends in stochastic models and related statistical procedures. Selected peer-reviewed contributions focus on statistical inference, quality control, change-point analysis and detection, empirical processes, time series analysis, survival analysis and reliability, statistics for stochastic processes, big data in technology and the sciences, statistical genetics, experiment design, and stochastic models in engineering. Stochastic models and related statistical procedures play an important part in furthering our understanding of the challenging problems currently arising in areas of application such as the natural sciences, information technology, engineering, image analysis, genetics, energy and finance, to name but a few. This collection arises from the 12th Workshop on Stochastic Models, Statistics and Their Applications, Wroclaw, Poland.

Regulation and the Revolution in United States Farm Productivity

Regulation and the Revolution in United States Farm Productivity PDF Author: Sally H. Clarke
Publisher: Cambridge University Press
ISBN: 9780521528450
Category : Business & Economics
Languages : en
Pages : 332

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Book Description
This book explains how US government activity in the 1930s led to gains in farm productivity.

Biotechnology for Fuels and Chemicals

Biotechnology for Fuels and Chemicals PDF Author: Jonathan R. Mielenz
Publisher: Springer Science & Business Media
ISBN: 1603271813
Category : Science
Languages : en
Pages : 969

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Book Description
In Biotechnology for Fuels and Chemicals: The Twenty-Eighth Symposium, leading researchers exchange cutting-edge technical information and update current trends in the development and application of biotechnology for sustainable production of fuels and chemicals. This symposium emphasizes advances in biotechnology to produce high-volume, low-price products from renewable resources, while improving the environment.

R&D, Patents and Productivity

R&D, Patents and Productivity PDF Author: National Bureau of Economic Research
Publisher: University of Chicago Press
ISBN: 9780226308845
Category : Business & Economics
Languages : en
Pages : 532

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Book Description
"An essential reference for specialists in the economics of technological change."--D. G. McFertridge, Canadian Journal of Economics

Marketing Research Report

Marketing Research Report PDF Author:
Publisher:
ISBN:
Category : Marketing research
Languages : en
Pages : 1546

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Book Description


Microeconomics

Microeconomics PDF Author: Dr. Satya R. Chakravarty
Publisher: Allied Publishers
ISBN: 8177643487
Category : Business & Economics
Languages : en
Pages : 808

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Book Description
An analytical and geometric methodology has been adopted in presenting the text. Many chapters are supplemented by mathematical appendices, even though the main text is comparatively free of mathematics. Applied examples related to the theoretical concepts have been included in each chapter and different types of exercises like multiple choice, prove-disprove questions and quantitative problems and questions are also included. In addition to covering traditional aspects of microeconomics, the book also discusses some recent developments like game theory, externalities, public good, information and law. Topics such as linear models, theory of distribution and international trade have also been described, which are normally not found in texts on microeconomics. This book should be useful as class material for undergraduate and graduate students of economics and business.

Mathematics for Economics and Finance

Mathematics for Economics and Finance PDF Author: Martin Anthony
Publisher: Cambridge University Press
ISBN: 9780521559133
Category : Business & Economics
Languages : en
Pages : 414

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Book Description
Mathematics has become indispensable in the modelling of economics, finance, business and management. Without expecting any particular background of the reader, this book covers the following mathematical topics, with frequent reference to applications in economics and finance: functions, graphs and equations, recurrences (difference equations), differentiation, exponentials and logarithms, optimisation, partial differentiation, optimisation in several variables, vectors and matrices, linear equations, Lagrange multipliers, integration, first-order and second-order differential equations. The stress is on the relation of maths to economics, and this is illustrated with copious examples and exercises to foster depth of understanding. Each chapter has three parts: the main text, a section of further worked examples and a summary of the chapter together with a selection of problems for the reader to attempt. For students of economics, mathematics, or both, this book provides an introduction to mathematical methods in economics and finance that will be welcomed for its clarity and breadth.

Use of Tractor Power, Animal Power, and Hand Methods in Crop Production

Use of Tractor Power, Animal Power, and Hand Methods in Crop Production PDF Author: Albert Perry Brodell
Publisher:
ISBN:
Category : Domestic animals
Languages : en
Pages : 574

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Book Description


Engineering Economics

Engineering Economics PDF Author: J. K. Yates
Publisher: CRC Press
ISBN: 1498750885
Category : Technology & Engineering
Languages : en
Pages : 283

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Book Description
This book provides a straightforward approach to explaining engineering economics that is appropriate for members of all of the major engineering disciplines. It includes real world engineering economic analysis examples, and provides the basic knowledge required for engineers to be able to perform engineering economic analyses for different potential alternative equipment, products, services, and projects in both the public and private sectors. It focuses on mastering the basic engineering economics formulas and their use on different types of engineering and construction projects, and includes numerous example problems and real world case studies.