Congestion in production correspondences

Walter Briec, Kristiaan Kerstens and Ignace Van Woestyne
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Walter Briec: CRESEM - Centre de Recherche sur les Sociétés et Environnements en Méditerranées - UPVD - Université de Perpignan Via Domitia, IAE Perpignan - Institut d'Administration des Entreprises - Perpignan - UPVD - Université de Perpignan Via Domitia

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Abstract: This contribution aims to detect and measure more severe forms of congestion than the ones that could hitherto be evaluated in axiomatic production theory. To this end, we define a new S-disposal axiom, a kind of limited strong disposability. This S-disposal assumption leads to a duality result between a general input directional distance function and the cost function that is weaker than the ones established in the literature. Finally, we indicate how finite data sets can or cannot be rationalized by a minimal technology compatible with S-disposal, thereby generalizing the nonparametric weak axiom of cost minimization test.

Keywords: Distance function; Cost function; Duality; Congestion; WACM (search for similar items in EconPapers)
Date: 2016-05
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Citations: View citations in EconPapers (9)

Published in Journal of Economics, 2016, 119 (1), pp.65-90. ⟨10.1007/s00712-016-0484-6⟩

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Journal Article: Congestion in production correspondences (2016)
Working Paper: Congestion in Production Correspondances (2016)
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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-01533536

DOI: 10.1007/s00712-016-0484-6

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