Activity Analysis in Production Economics

Thijs ten Raa

Chapter 11 in Handbook of Production Economics, 2022, pp 471-482 from Springer

Abstract: Abstract This chapter opens with the historical root of activity analysis. The framework of activity analysis admits multiple techniques to produce a commodity. Substitution theorems investigate when the market mechanism singles out a best technique for each product and if the best techniques vary with the data of an economy, such as resource availabilities. Houthakker’s Theorem initiated a literature on the relationship between the distribution of activities and the form of the aggregate production function. Activity analysis is connected to modern input-output analysis, where the numbers of products and industries differ, which facilitates the measurement of the efficiency of the production units of an economy and of the economy.

Keywords: Activity analysis; Efficiency; Houthakker’s theorem; Input-output analysis; Substitution theorem (search for similar items in EconPapers)
Date: 2022
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DOI: 10.1007/978-981-10-3455-8_25

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