A Note on Equivalences in Measuring Returns to Scale in Multi-output-multi-input Technologies

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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Year of publication:	2011
Authors:	Zelenyuk, Valentin
Institutions:	School of Economics, University of Queensland

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Extent:	application/pdf
Series:	CEPA Working Papers Series.
Type of publication:	Book / Working Paper
Language:	English
Notes:	Number WP052011
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10009150540