Tangency Capacity Notions Based upon the Profit and Cost Functions: A Non-Parametric Approach and a General Comparison

This contribution provides a way to define and compute a tangency notion of economic capacity based upon the relation between the various directional distance functions and the profit and cost functions using non-parametric technologies. A new result relating profit and cost function-based tangency capacity notions is established.

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Year of publication:	2010-02
Authors:	Briec, Walter ; Kerstens, Kristiaan ; Prior, Diego ; Van de Woestyne, Ignace
Institutions:	Faculteit Economie en Bedrijfswetenschappen, Hogeschool-Universiteit Brussel (HUBrussel)
Subject:	economic capacity \| profit function \| cost function \| directional distance function \| tangency

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Extent:	application/pdf
Series:	Working Papers.
Type of publication:	Book / Working Paper
Notes:	Number 2010/04 32 pages longpage
Classification:	C61 - Optimization Techniques; Programming Models; Dynamic Analysis ; D24 - Production; Capital and Total Factor Productivity; Capacity
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10009421620