Accession Number:
AD0752793
Title:
On Scaling Laws for Production Functions,
Descriptive Note:
Corporate Author:
CALIFORNIA UNIV BERKELEY OPERATIONS RESEARCH CENTER
Personal Author(s):
Report Date:
1972-10-01
Pagination or Media Count:
20.0
Abstract:
In economic theory of production, positively homogeneous production functions scalar valued have played a strong rule for determining changes in output resulting from proportional changes in inputs. But, since production functions of this form describe a very limited structure, search for new types has continued. The purpose of the paper is to develop, within an axiomatic framework for production, new laws rules for scaling output under proportional changes of input vectors and to generalize some existing ones. The types of scaling laws to be considered are a the size of output, b the size of output and input mix, and c the size and mix of input scaling laws. Author
Descriptors:
Subject Categories:
- Economics and Cost Analysis
- Operations Research