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  • Book
  • © 1981

Cost and Production Functions

Authors:

  1. Ronald W. Shephard

    1. Berkeley, USA

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Part of the book series: Lecture Notes in Economics and Mathematical Systems (LNE, volume 194)

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Table of contents (10 chapters)

  1. Front Matter

    Pages I-XI
    PDF

  2. Cost and Production Functions

    1. Front Matter

      Pages 1-1
      PDF

    2. The Process Production Function

      • Ronald W. Shephard
      Pages 3-8

    3. Heuristic Principle of Minimum Costs

      • Ronald W. Shephard
      Pages 8-10

    4. The Producer’s Minimum Cost Function

      • Ronald W. Shephard
      Pages 10-17

    7. Constraints on the Factors of Production

      • Ronald W. Shephard
      Pages 29-41

    8. Homothetic Production Functions

      • Ronald W. Shephard
      Pages 41-50

    9. The Cobb-Douglas Production Function

      • Ronald W. Shephard
      Pages 50-61

    10. The Problem of Aggregation

      • Ronald W. Shephard
      Pages 61-71

  3. Back Matter

    Pages 105-106
    PDF
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About this book

This study is the result of an interest in the economic theory of production intermittently pursued during the past three years. Over this period I have received substantial support from the Office of Naval Research, first from a personal service consulting contract directly with the Mathematics Division of the Office of Naval Research and secondly from Project N6 onr-27009 at Princeton Univer­ sity under the direction of Professor Oskar Morgenstern. Grateful acknowledgement is made to the ·Office of Naval Research for this support and to Professor Morgenstern, in particular, for his interest in the puolication of this research. The responsibility for errors and omissions, how­ ever, rests entirely upon the author. Professor G. C. Evans has given in terms of a simple total cost function, depending solely upon output rate, a treatment of certain aspects of the economic theory of production which has inherent generality and convenience of formulation. The classical approach of expressing the technology of production by means of a production function is potentially less restrictive than the use of a simple total cost function, but it has not been applied in a more general form other than to derive the familiar conditions between marginal productivities of the factors of produc­ tion and their market prices.
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Keywords

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Authors and Affiliations

  • Berkeley, USA

    Ronald W. Shephard

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Bibliographic Information

  • Book Title: Cost and Production Functions

  • Authors: Ronald W. Shephard

  • Series Title: Lecture Notes in Economics and Mathematical Systems

  • DOI: https://doi.org/10.1007/978-3-642-51578-1

  • Publisher: Springer Berlin, Heidelberg

  • eBook Packages: Springer Book Archive

  • Copyright Information: Ronald W. Shephard 1981

  • Softcover ISBN: 978-3-540-11158-0Published: 01 October 1981

  • eBook ISBN: 978-3-642-51578-1Published: 06 December 2012

  • Series ISSN: 0075-8442

  • Series E-ISSN: 2196-9957

  • Edition Number: 1

  • Number of Pages: XI, 106

  • Additional Information: Originally published by Princeton University Press 1953

  • Topics: Operations Management

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Buy it now

eBook USD 64.99
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
Softcover Book USD 84.99
Price excludes VAT (USA)
  • Compact, lightweight edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Other ways to access

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