Almost Ray-Homothetic Production Correspondences.
CALIFORNIA UNIV BERKELEY OPERATIONS RESEARCH CENTER
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A class of production correspondences for which nonproportional scaling of inputs outputs result in fixed scaling of outputs inputs is introduced. Such correspondences termed, almost ray-homothetic contain the ray-homothetic structure as a speciAL CASE. Although more general this scaling law maintains the linearity of expansion paths, and under special conditions on the input output set it is shown that linear expansion under nonlinear change of inputs outputs imply almost ray-homothetic output input structure. Author
- Theoretical Mathematics