Anatomy of production functions: a technological menu and a choice of the best technology
Vladimir Matveenko ()
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Vladimir Matveenko: Institute for Economics and Mathematics - Russian Academy of Sciences
Authors registered in the RePEc Author Service: Владимир Матвеенко
Economics Bulletin, 2010, vol. 30, issue 3, 1906-1913
Jones (2005) proposed microfoundations for the Cobb-Douglas production function. We show that Jones' technological menu is a special case of a concept of support set discussed by Matveenko (1997) and Rubinov, Glover (1998) by use of a duality approach. We use this approach to clarify the relation between different production functions and technological menus. Also we construct an "ideas model" generating CES production function.
Keywords: Production function; technological menu; Leontief function; Cobb-Douglas function; CES function; duality; support set (search for similar items in EconPapers)
JEL-codes: O4 E1 (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:ebl:ecbull:eb-10-00201
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