A Note on Equivalences in Measuring Returns to Scale in Multi-output-multi-input Technologies
No WP052011, CEPA Working Papers Series from University of Queensland, School of Economics
In this article we show equivalence between the input oriented and output oriented scale elasticity measures for multi-output, multi-input technologies. We show the necessary and sufficient condition for this equivalence. We also provide a Lagrange multiplier (or shadow price) interpretation of the scale elasticity measure.
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Persistent link: https://EconPapers.repec.org/RePEc:qld:uqcepa:65
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