The Complete Theory of Generalized CES Production Function

Catalin Angelo Ioan and Gina Ioan ()
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Gina Ioan: Danubius University of Galati, Department of Finance and Business Administration

The Journal of Accounting and Management, 2015, issue 2, 15-37

Abstract: The paper treats various aspects concerning the generalized CES production function. On the one hand were highlighted conditions for the existence of the generalized CES function. Also were calculated the main indicators of it and short and long-term costs. It has also been studied the dependence of long-term cost of the parameters of the production function. The determination of profit was made both for perfect competition market and maximizes its conditions. Also we have studied the effects of Hicks and Slutsky and the production efficiency problem.

Keywords: production function; generalized CES; Hicks; Slutsky (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:dug:jaccma:y:2015:i:2:p:15-37

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