Almost Ray-Homothetic Production Correspondences.
Abstract
A class of production correspondences for which nonproportional scaling of inputs (outputs) result in fixed scaling of outputs (inputs) is introduced. Such correspondences termed, almost ray-homothetic contain the ray-homothetic structure as a speciAL CASE. Although more general this scaling law maintains the linearity of expansion paths, and under special conditions on the input (output) set it is shown that linear expansion under nonlinear change of inputs (outputs) imply almost ray-homothetic output (input) structure. (Author)
Document Details
- Document Type
- Technical Report
- Publication Date
- May 01, 1977
- Accession Number
- ADA043561
Entities
People
- Rokaya Al-ayat
- Rolf Fare
Organizations
- University of California, Berkeley