Congestion in production correspondences

Briec, Walter; Kerstens, Kristiaan; Woestyne, Ignace Van

Document type :

Compte-rendu et recension critique d'ouvrage

DOI :

10.1007/s00712-016-0484-6

Title :

Congestion in production correspondences

Author(s) :

Briec, Walter [Auteur]
Centre de Recherche sur les Sociétés et Environnements en Méditerranées [CRESEM]
Institut d'Administration des Entreprises - Perpignan [IAE Perpignan]
Kerstens, Kristiaan [Auteur]

Lille économie management - UMR 9221 [LEM]
Woestyne, Ignace Van [Auteur]

Journal title :

Journal of Economics

Pages :

65-90

Publication date :

2016-05

English keyword(s) :

Distance function
Cost function
Duality
Congestion
WACM

HAL domain(s) :

Sciences de l'Homme et Société/Economies et finances

English abstract : [en]

This contribution aims to detect and measure more severe forms of congestion than the ones that could hitherto be evaluated in axiomatic production theory. To this end, we define a new S-disposal axiom, a kind of limited ...
Show more >This contribution aims to detect and measure more severe forms of congestion than the ones that could hitherto be evaluated in axiomatic production theory. To this end, we define a new S-disposal axiom, a kind of limited strong disposability. This S-disposal assumption leads to a duality result between a general input directional distance function and the cost function that is weaker than the ones established in the literature. Finally, we indicate how finite data sets can or cannot be rationalized by a minimal technology compatible with S-disposal, thereby generalizing the nonparametric weak axiom of cost minimization test.Show less >

Language :

Anglais

Popular science :

Non

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