On the General Theory of Production Functions

Catalin Angelo Ioan and Gina Ioan ()
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Gina Ioan: Danubius University of Galati, Romania

Acta Universitatis Danubius. OEconomica, 2012, issue 5(5), 225-238

Abstract: In this paper we will study from an axiomatic point of view the production functions. Also we will define the main indicators of a production function, extending the classical definitions to n inputs and introducing other new. We will modify the notion of global average productivity and replace it with more realistic indicators. On the other hand, the notion of global rate of substitution will be introduced to the analysis of n goods.

Keywords: production function; productivity; marginal (search for similar items in EconPapers)
Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:dug:actaec:y:2012:i:5:p:225-238

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