{"product_id":"theory-of-cost-and-production-functions-paperback","title":"Theory of Cost and Production Functions - Paperback","description":"\u003cp\u003eby \u003cb\u003eRonald William Shephard\u003c\/b\u003e (Author)\u003c\/p\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003eA sequel to his frequently cited \u003ci\u003eCost and Production Functions\u003c\/i\u003e (1953), this book offers a unified, comprehensive treatment of these functions which underlie the economic theory of production. \u003c\/p\u003e\u003cp\u003e\u003c\/p\u003eThe approach is axiomatic for a definition of technology, by mappings of input vectors into subsets of output vectors that represent the unconstrained technical possibilities of production. To provide a completely general means of characterizing a technology, an alternative to the production function, called the Distance Function, is introduced. \u003cp\u003e\u003c\/p\u003eThe duality between cost function and production function is developed by introducing a cost correspondence, showing that these two functions are given in terms of each other by dual minimum problems. \u003cp\u003e\u003c\/p\u003eThe special class of production structures called Homothetic is given more general definition and extended to technologies with multiple outputs. \u003cp\u003e\u003c\/p\u003eOriginally published in 1971. \u003cp\u003e\u003c\/p\u003eThe \u003cb\u003ePrinceton Legacy Library\u003c\/b\u003e uses the latest print-on-demand technology to again make available previously out-of-print books from the distinguished backlist of Princeton University Press. These editions preserve the original texts of these important books while presenting them in durable paperback and hardcover editions. The goal of the Princeton Legacy Library is to vastly increase access to the rich scholarly heritage found in the thousands of books published by Princeton University Press since its founding in 1905.\u003cdiv\u003e\n\u003cstrong\u003eNumber of Pages:\u003c\/strong\u003e 322\u003c\/div\u003e\u003cdiv\u003e\n\u003cstrong\u003eDimensions:\u003c\/strong\u003e 0.67 x 9.21 x 6.14 IN\u003c\/div\u003e\u003cdiv\u003e\n\u003cstrong\u003ePublication Date:\u003c\/strong\u003e March 08, 2015\u003c\/div\u003e","brand":"Books by splitShops","offers":[{"title":"Default Title","offer_id":51757000622368,"sku":"9780691620800","price":97.47,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0974\/9764\/5344\/files\/eb6064b6c00da5744abd3a216e888f7d.webp?v=1780091345","url":"https:\/\/ebocreations.com\/products\/theory-of-cost-and-production-functions-paperback","provider":"The E-Book Oasis LLC","version":"1.0","type":"link"}