This graduate text develops production theory from a set of reasonable axioms. The theory is presented both in a primal and dual as well as in an indirect (constrained) framework. The basic model leads to a set of efficiency measures which can be readily employed in empirical work. A first draft...

The Structure of Production Technology -- Radial Input Efficiency Measures -- Radial Output Efficiency Measures -- Hyperbolic Graph Efficiency Measures -- A Comparison of Input, Output, and Graph Efficiency Measures -- Nonradial Efficiency Measures -- Measures of Scale Efficiency -- Toward...

The traditional theory of the firm which serves as the underpinnings of what we know as neoclassical production theory has proved to be a useful basic model. This book is concerned with a class of models which build on this basic form by supposing that the decision-maker is constrained by some...