Accession Number : AD0752793

Title :   On Scaling Laws for Production Functions,

Corporate Author : CALIFORNIA UNIV BERKELEY OPERATIONS RESEARCH CENTER

Personal Author(s) : Fare,Rolf

Report Date : OCT 1972

Pagination or Media Count : 20

Abstract : In economic theory of production, positively homogeneous production functions (scalar valued) have played a strong rule for determining changes in output resulting from proportional changes in inputs. But, since production functions of this form describe a very limited structure, search for new types has continued. The purpose of the paper is to develop, within an axiomatic framework for production, new laws (rules) for scaling output under proportional changes of input vectors and to generalize some existing ones. The types of scaling laws to be considered are: (a) the size of output, (b) the size of output and input mix, and (c) the size and mix of input scaling laws. (Author)

Descriptors :   (*ECONOMICS, PRODUCTION), MATHEMATICAL MODELS, SET THEORY, MAPPING(TRANSFORMATIONS), COSTS, FUNCTIONS(MATHEMATICS), THEOREMS

Subject Categories : Economics and Cost Analysis
      Operations Research

Distribution Statement : APPROVED FOR PUBLIC RELEASE