Homogeneity and Supply

Jeffrey T. LaFrance and Rulon D. Pope

American Journal of Agricultural Economics, 2008, vol. 90, issue 3, pages 606-612

Abstract: Supply functions in the ubiquitous Gorman class are examined for their homogeneity properties. Homogeneity places surprisingly strong restrictions on functional forms. These forms facilitate testing of aggregability given homogeneity or homogeneity given aggregability or testing both. Copyright Copyright 2008 American Agricultural Economics Association.

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American Journal of Agricultural Economics is edited by Peter Berck, Robert J. Myers, Ian M. Sheldon and B. Wade Brorsen

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