Homogeneity, Returns to Scale and (Log)Concavity

Per Hjertstrand

No 1328, Working Paper Series from Research Institute of Industrial Economics

Abstract: This brief note shows that if a production function, f, is quasiconcave, increasing and homogeneous, then f is concave if it displays nonincreasing returns to scale, and f is logconcave if it displays increasing returns to scale.

Keywords: Homogeneity; Returns to scale; Rho-concavity (search for similar items in EconPapers)
JEL-codes: D21 (search for similar items in EconPapers)
Pages: 4 pages
Date: 2020-03-30
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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