Cost and Production Duality: The Case of the Regulated Firm

Pierre Ouellette and Stéphane Vigeant

Journal of Productivity Analysis, 2001, vol. 16, issue 3, 203-224

Abstract: This paper examines a generalization of cost-production duality for regulated firms. It derives an equivalency between the production function and conditional factor demands for the case where the firm's optimization problem is subject to a set of additional (regulatory) constraints. This procedure is extended to an optimization problem within a dynamic framework which leads to the recovery of the firm's technology. Copyright Kluwer Academic Publishers 2001

Keywords: cost; duality; regulation; firm; dynamic (search for similar items in EconPapers)
Date: 2001
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DOI: 10.1023/A:1012597904904

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