On the General Theory of Production Functions
In this paper we will study from an axiomatic point of view the production functions. Also we will define the main indicators of a production function, extending the classical definitions to n inputs and introducing other new. We will modify the notion of global average productivity and replace it w...
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| Format: | Article |
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Danubius University
2012-10-01
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| Series: | Acta Universitatis Danubius: Oeconomica |
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| Online Access: | http://journals.univ-danubius.ro/index.php/oeconomica/article/view/1035/1332 |
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doaj-db71e9aac745444e88fe1e0a919bcaab2020-11-24T22:25:34ZengDanubius UniversityActa Universitatis Danubius: Oeconomica2065-01752067-340X2012-10-0185232236On the General Theory of Production FunctionsCatalin Angelo IoanGina IoanIn this paper we will study from an axiomatic point of view the production functions. Also we will define the main indicators of a production function, extending the classical definitions to n inputs and introducing other new. We will modify the notion of global average productivity and replace it with more realistic indicators. On the other hand, the notion of global rate of substitution will be introduced to the analysis of n goods.http://journals.univ-danubius.ro/index.php/oeconomica/article/view/1035/1332production functio nproductivitymarginal |
| collection |
DOAJ |
| language |
English |
| format |
Article |
| sources |
DOAJ |
| author |
Catalin Angelo Ioan Gina Ioan |
| spellingShingle |
Catalin Angelo Ioan Gina Ioan On the General Theory of Production Functions Acta Universitatis Danubius: Oeconomica production functio n productivity marginal |
| author_facet |
Catalin Angelo Ioan Gina Ioan |
| author_sort |
Catalin Angelo Ioan |
| title |
On the General Theory of Production Functions |
| title_short |
On the General Theory of Production Functions |
| title_full |
On the General Theory of Production Functions |
| title_fullStr |
On the General Theory of Production Functions |
| title_full_unstemmed |
On the General Theory of Production Functions |
| title_sort |
on the general theory of production functions |
| publisher |
Danubius University |
| series |
Acta Universitatis Danubius: Oeconomica |
| issn |
2065-0175 2067-340X |
| publishDate |
2012-10-01 |
| description |
In this paper we will study from an axiomatic point of view the production functions. Also we will define the main indicators of a production function, extending the classical definitions to n inputs and introducing other new. We will modify the notion of global average productivity and replace it with more realistic indicators. On the other hand, the notion of global rate of substitution will be introduced to the analysis of n goods. |
| topic |
production functio n productivity marginal |
| url |
http://journals.univ-danubius.ro/index.php/oeconomica/article/view/1035/1332 |
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AT catalinangeloioan onthegeneraltheoryofproductionfunctions AT ginaioan onthegeneraltheoryofproductionfunctions |
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