The economics of production planning

Ngo Long and Frank Stähler ()
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Frank Stähler: University of Tübingen, University of Adelaide, CESifo
Authors registered in the RePEc Author Service: Frank Stähler

Economics Bulletin, 2018, vol. 38, issue 2, 703-711

Abstract: This note scrutinizes the role of share parameters in CES production functions. It shows that a firm, when planning production or selecting a production process, aims at maximizing one share parameter at the expense of another in a CES environment. Interior solutions can exist only if factor prices are uncertain to begin with.

Keywords: Production plan; production functions; CES; Cobb-Douglas (search for similar items in EconPapers)
JEL-codes: D2 D8 (search for similar items in EconPapers)
Date: 2018-04-15
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Citations: View citations in EconPapers (1)

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