ON AGGREGATE NOTIONS OF SHEPHARD'S AND HOTELLING'S LEMMAS

Don Blayney and Ron C. Mittlehammer

No 278075, 1986 Annual Meeting, July 27-30, Reno, Nevada from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: Duality theory forms the basis of many recent analyses of aggregate economic relationships, despite the fact that the theory was conceived in the context of firm-level behavior. This paper explores notions of aggregate, cost and profit functions that lead to aggregate analogs of Shephard's and Hotelling's lemmas.

Keywords: Financial Economics; Public Economics (search for similar items in EconPapers)
Pages: 15
Date: 1986-07
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea86:278075

DOI: 10.22004/ag.econ.278075

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