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On Multistage Multiproduct Production Functions
Author(s) -
Mundlak Yair,
Razin Assaf
Publication year - 1971
Publication title -
american journal of agricultural economics
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.949
H-Index - 111
eISSN - 1467-8276
pISSN - 0002-9092
DOI - 10.2307/1238226
Subject(s) - production (economics) , duality (order theory) , product (mathematics) , order (exchange) , function (biology) , process (computing) , mathematics , mathematical optimization , mathematical economics , computer science , combinatorics , economics , microeconomics , geometry , finance , evolutionary biology , biology , operating system
To avoid the problem of product aggregation, the production process is formulated as F( a ) = G( v ) where a and v are vectors of products and factors respectively. F( a ) is further specified as a multistage CES function and estimated by using the first‐order conditions and duality relations. Some general questions of judging the results and the adequacy of grouping are discussed.