Anatomy of production functions: a technological menu and a choice of the best technology

Jones (2005) proposed microfoundations for the Cobb-Douglas production function. We show that Jones' technological menu is a special case of a concept of support set discussed by Matveenko (1997) and Rubinov, Glover (1998) by use of a duality approach. We use this approach to clarify the relation between different production functions and technological menus. Also we construct an "ideas model" generating CES production function.

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Year of publication:	2010
Authors:	Matveenko, Vladimir
Published in:	Economics Bulletin. - AccessEcon, ISSN 1545-2921. - Vol. 30.2010, 3, p. 1906-1913
Publisher:	AccessEcon
Subject:	Production function \| technological menu \| Leontief function \| Cobb-Douglas function \| CES function \| duality \| support set

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Extent:	application/pdf
Type of publication:	Article
Language:	English
Classification:	O4 - Economic Growth and Aggregate Productivity ; E1 - General Aggregative Models
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10008461067