1. Overview of Neoclassical Production Economics- Editors -- 2. Duality in Production Diewert (agreed) -- 3. Multiproduct Technologies Fare--agreed -- 4. Elasticities of Substitution Russell--agreed -- 5. Conceptualization and Measurement of Technical Change and Productivity Growth Hulten or...

A large body of economic literature has established that the primary purpose of business is profit maximization assuming unitary and constant elasticity of substitution of production factors. However, the prevailing operating conditions of micro and small enterprises raise concerns about the...

A large body of economic literature has established that the primary purpose of business is profit maximization assuming unitary and constant elasticity of substitution of production factors. However, the prevailing operating conditions of micro and small enterprises raise concerns about the...