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A generalization of a class of production functions

Domenii publicaţii > Economie + Tipuri publicaţii > Articol în revistã ştiinţificã

Autori: Catalin Angelo Ioan, Gina Ioan

Editorial: Applied Economics Letters, 18, p.1777-1784, 2011.

Rezumat:

In this article we shall give a generalization of Cobb–Douglas, Constant
Elasticity of Substitution (CES), Lu–Fletcher, Liu–Hildebrand, Variable
Elasticity of Substitution (VES) and Kadiyala production functions. We
compute the principal indicators such as the marginal products, the marginal
rate of substitution, the elasticities of factors and the elasticity of substitution.
Finally,we formulate three theorems of characterization for the functions with
a proportional marginal rate of substitution, with constant elasticity of labour
and for those with constant elasticity of substitution (for n=1).

Cuvinte cheie: functii de productie, Cobb–Douglas, CES, Lu–Fletcher, Liu–Hildebrand, VES, Kadiyala // production functions, Cobb–Douglas, CES, Lu–Fletcher, Liu–Hildebrand, VES, Kadiyala

URL: http://www.tandfonline.com/doi/full/10.1080/13504851.2011.564117