Nonconvexity in Production and Cost ...
Document type :
Partie d'ouvrage
Title :
Nonconvexity in Production and Cost Functions: An Exploratory and Selective Review
Author(s) :
Briec, Walter [Auteur]
LAboratoire de Modélisation Pluridisciplinaire et Simulations [LAMPS]
Kerstens, Kristiaan [Auteur]
Lille économie management - UMR 9221 [LEM]
van de Woestyne, Ignace [Auteur]
LAboratoire de Modélisation Pluridisciplinaire et Simulations [LAMPS]
Kerstens, Kristiaan [Auteur]
Lille économie management - UMR 9221 [LEM]
van de Woestyne, Ignace [Auteur]
Scientific editor(s) :
Subhash C. Ray (éd.)
Robert Chambers (éd.)
Subal Kumbhakar (éd.)
Robert Chambers (éd.)
Subal Kumbhakar (éd.)
Book title :
Handbook of Production Economics
Publisher :
Springer Singapore
Publication place :
Singapore
Publication date :
2020-10-23
ISBN :
978-981-10-3450-3
English keyword(s) :
Nonparametric frontier
Convexity
Production
Cost function
Scale
Productivit
Convexity
Production
Cost function
Scale
Productivit
HAL domain(s) :
Sciences de l'Homme et Société/Economies et finances
English abstract : [en]
The purpose of this contribution is to provide an overview of developments in nonconvex production technologies and economic value functions, with special attention to the cost function. Apart from a somewhat selective ...
Show more >The purpose of this contribution is to provide an overview of developments in nonconvex production technologies and economic value functions, with special attention to the cost function. Apart from a somewhat selective review of theoretical issues, the emphasis is on whether the assumption of convexity makes a difference in practice. Anticipating our conclusion, we argue that traditional convex empirical results differ on average rather markedly from alternative nonconvex ones. This should make the discipline reconsider its traditional relationship with convexity in both theoretical and applied production analysis.Show less >
Show more >The purpose of this contribution is to provide an overview of developments in nonconvex production technologies and economic value functions, with special attention to the cost function. Apart from a somewhat selective review of theoretical issues, the emphasis is on whether the assumption of convexity makes a difference in practice. Anticipating our conclusion, we argue that traditional convex empirical results differ on average rather markedly from alternative nonconvex ones. This should make the discipline reconsider its traditional relationship with convexity in both theoretical and applied production analysis.Show less >
Language :
Anglais
Audience :
Internationale
Popular science :
Non
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