A Sure Bet on Symmetry

Quirino Paris

American Journal of Agricultural Economics, 1989, vol. 71, issue 2, 344-351

Abstract: This paper argues that assertions appearing in the literature about alleged failure of duality to recover all the desired information about the case of multiple outputs with fixed allocatable inputs are incorrect. The paper shows that through the use of shadow prices of fixed inputs, it is possible to apply the familiar Euler-Legendre transformation and recover all the desired information. The principal avenue for achieving these results is the process of decoupling the primal from the dual problem.

Date: 1989
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Persistent link: https://EconPapers.repec.org/RePEc:oup:ajagec:v:71:y:1989:i:2:p:344-351.

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