Fundamentals of Production Theory


SKU: 9783540500308
Author: Färe, Rolf
Publication Date: 07/27/1988
Publisher: Springer
Binding: Paperback
Media: Book
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This graduate text develops production theory from a set of reasonable axioms. The theory is presented both in a primal and dual as well as in an indirect (constrained) framework. The basic model leads to a set of efficiency measures which can be readily employed in empirical work. A first draft of the text was used to teach students at Vanderbilt University. The text includes a variety of exercise problems.