Homogeneity and Supply

Jeffrey Thomas LaFrance () and Rulon Pope
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Rulon Pope: Brigham Young University

No 1043, Department of Agricultural & Resource Economics, UC Berkeley, Working Paper Series from Department of Agricultural & Resource Economics, UC Berkeley

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.

Keywords: Functional form; homogeneity; supply (search for similar items in EconPapers)
Date: 2007-06-01
Note: oai:cdlib1:are_ucb-1168
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Journal Article: Homogeneity and Supply (2008)
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