A Dynamic Formulation of the Law of Diminishing Returns.

Abstract

Based on an axiomatic framework for a dynamic production structure a law of diminishing returns is derived. This law shows that for output to be bounded in rate (i.e., norm) and in time availability (i.e., support) it is necessary and sufficient that an essential subvector of inputs is likewise bounded in rate and time availability. (Author)

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Document Details

Document Type
Technical Report
Publication Date
Oct 01, 1977
Accession Number
ADA048056

Entities

People

  • Rolf Faere

Organizations

  • University of California, Berkeley

Tags

DTIC Thesaurus Topics

  • Availability
  • Banach Space
  • California
  • Classification
  • Military Research
  • Numbers
  • Operations Research
  • Production
  • Real Numbers
  • Social Sciences
  • Steady State
  • Step Functions
  • Time Intervals
  • United States
  • United States Government
  • Universities

Fields of Study

  • Economics

Readers

  • Mathematical Modeling and Probability Theory.
  • Strategic Security Studies