Premium
A NOTE ON LEONTIEF TECHNOLOGY AND INPUT SUBSTITUTION
Author(s) -
ElHodiri Mohamed A.,
Nourzad Farrokh
Publication year - 1988
Publication title -
journal of regional science
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.171
H-Index - 79
eISSN - 1467-9787
pISSN - 0022-4146
DOI - 10.1111/j.1467-9787.1988.tb01200.x
Subject(s) - substitution (logic) , profit maximization , maximization , profit (economics) , mathematical economics , production (economics) , function (biology) , economics , cobb , cobb–douglas production function , mathematics , mathematical optimization , econometrics , computer science , microeconomics , evolutionary biology , biology , programming language , genetics
If Leontief systems are considered to be descriptions of optimizing behavior and if their technical coefficients are derived from accounting data, then the constancy of the input‐output coefficients is equivalent to assuming a generalized Cobb‐Douglas production function and profit maximization.