A Generalization of Some Production Functions

Catalin Angelo Ioan ()

Acta Universitatis Danubius. OEconomica, 2010, issue 1(1), pages 110-123

Abstract: In this paper we shall give a generalization of Cobb-Douglas, CES, Lu-Fletcher, Liu-Hildebrand, VES, Kadiyala production functions. We compute the principal indicators like the marginal products, the marginal rate of substitution, the elasticities of factors and the elasticity of substitution. Finally we formulate two theorems of characterization for the functions with a proportional marginal rate of substitution and for those with constant elasticity+ of substitution (for n=1).

Keywords: production functions; Cobb-Douglas; CES; Lu-Fletcher; Liu-Hildebrand; VES; Kadiyala (search for similar items in EconPapers)
Date: 2010
References: Add references at CitEc
Citations Track citations by RSS feed

Downloads: (external link)
http://journals.univ-danubius.ro/index.php/oeconomica/article/view/343/325 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: http://EconPapers.repec.org/RePEc:dug:actaec:y:2010:i:1:p:110-123

Access Statistics for this article

More articles in Acta Universitatis Danubius. OEconomica from Danubius University of Galati
Contact information at EDIRC.
Series data maintained by Daniela Robu ().