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Pseudoproduction, Pseudocost and Profit Functions in Monopoly from the Dual Perspective

Vrankić Ilko () and Krpan Mira ()
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Krpan Mira: Faculty of Economics and Business, University of Zagreb, Croatia

Business Systems Research, 2016, vol. 7, issue 2, 49-64

Abstract: Background: Duality in the microeconomic theory enables us to represent consumers’ preferences and production technology with various dual functions satisfying certain regularity conditions.

Keywords: duality; pseudoproduction function; pseudocost function; profit function; Hotelling’s lemma (search for similar items in EconPapers)
JEL-codes: D (search for similar items in EconPapers)
Date: 2016
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