Homogeneity and Supply |
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| Authors: | Jeffrey T LaFrance and Rulon D Pope |
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| Institution: | Jeffrey T. LaFrance is professor in the Department of Agricultural and Resource Economics at the University of California—Berkeley and the School of Economic Sciences at Washington State University, and a member of the Giannini Foundation of Agricultural Economics. Rulon D. Pope is professor in the Department of Economics at Brigham Young University. |
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| Abstract: | Supply functions in the ubiquitous Gorman class are examined for their homogeneity properties. Homogeneity places surprisingly strong restrictions on functional forms. These forms facilitate testing of aggregability given homogeneity or homogeneity given aggregability or testing both. |
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| Keywords: | functional form homogeneity supply |
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