Input Demand Formulations and Duality Theory

Thomas J. Lutton

Journal of Agricultural Economics Research, 1982, vol. 34, issue 4, 8

Abstract: It 15 difficult to obtain c1osed-fonn solutions for input demand equations that are conducive to econometric estimation and policy analysis when the production function IS unknown Developments In the theory of duality facilitate obtaining such equations This article provides three examples of dual approaches to neoclassical constrained optimization One can obtain input demand equations and all comparative statics effects from the first and second derivatives or these dual functions

Keywords: Financial Economics; Research Methods/Statistical Methods (search for similar items in EconPapers)
Date: 1982
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Persistent link: https://EconPapers.repec.org/RePEc:ags:uersja:148972

DOI: 10.22004/ag.econ.148972

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