Cost functions are nonconvex in the outputs when the technology is nonconvex: convexification is not harmless
Author(s) -
Kristiaan Kerstens,
Ignace Van de Woestyne
Publication year - 2021
Publication title -
annals of operations research
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.068
H-Index - 105
eISSN - 1572-9338
pISSN - 0254-5330
DOI - 10.1007/s10479-021-04069-1
Subject(s) - convexity , nonparametric statistics , axiom , function (biology) , econometrics , returns to scale , theory of computation , data envelopment analysis , mathematical optimization , mathematics , dimension (graph theory) , empirical research , scale (ratio) , economics , production (economics) , statistics , algorithm , microeconomics , geometry , quantum mechanics , biology , financial economics , pure mathematics , physics , evolutionary biology
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