Cost and Revenue Constrained Production (Bilkent University Lecture Series) - Softcover

Färe, Rolf; Grosskopf, Shawna

Softcover

ISBN 10: 1461276136 ISBN 13: 9781461276135

Verlag: Springer, 2011

Inhaltsangabe

The basic notion underlying this monograph - budget or revenue constrained models of production - we owe to Ronald W. Shephard, who recognized its fundamental importance in modeling behavior in a wide variety of settings including the service and public sector. Our endeavor here is to extend Shephard's earlier work in several directions while maintaining his axiomatic approach. Our contributions include an expanded set of duality results and a general bent toward empirical implementation: including various parameterizations, applications to efficiency and productivity measurement, and shadow pricing. We hope to provide those engaged in empirical work with some powerful and useful tools which have received relatively little attention. The nature of the material in this monograph is somewhat technical, however, the level of mathematical difficulty is standard. Although we have tried to keep the monograph fairly self-contained, we have also kept technical detail to a minimum in the body of the text. Many technical extensions appear as problems at the ends of Chapters. The reader is also referred to the notes at the end of each chapter for references to additional literature. A prepublication draft of this manuscript was used as lecture notes in a graduate course in production theory at the Department of Economics at Bilkent University. We thank our students as well as faculty members for their patience and interest. Special thanks go to Dean Togan, Zeynap Koksal and Ali Dogramaci for making our stay in Ankara not only productive, but also enjoyable.

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Reseña del editor

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 budgetary or revenue requirement. These models are both interesting in their own right, but are also of fundamental importance in modelling in sectors such as the service or public sectors of economies. This book includes an expanded set of duality results and provides powerful and useful tools for those working with empirical implementations such as parameterizations, application to efficiency and productivity measurement, and shadow pricing. The authors have sought to present a reasonably mathematical treatment of the subject which is self-contained. It is based on lectures given to graduate students and so will be accessible to all those whose research concerns production theory.

Details zur Ausgabe

• Verlag: Springer
• Erscheinungsdatum: 2011
• ISBN 10: 1461276136
• ISBN 13: 9781461276135
• Einband: Tapa blanda
• Sprache: Englisch
• Anzahl der Seiten: 184
• Kontakt zum Hersteller: Nicht verfügbar