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THE USE OF THE h-HOMOGENOUS PRODUCTION FUNCTION IN MICROECONOMICS. MODELLING CHALLENGES

Adela Mihai and Mihaela Sandu

Revista Economica, 2012, vol. Supplement, issue 1, 465-472

Abstract: Recently, some geometric properties of h-homogeneous production functions with applications in microeconomics were studied (Chen, 2011), (Chen, 2012). In this paper we continue the study of geometry of h-homogeneous production functions by considering the minimality property of the production hypersurface and also the minimality of a production surfaces corresponding to a quasi-sum production function of 2- variables.

Date: 2012
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