Cost and Production Duality: The Case of the Regulated Firm |
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Authors: | Ouellette Pierre Vigeant Stéphane |
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Institution: | (1) Département des sciences économiques, Université du Québec à Montréal, Canada;(2) Faculté Saint-Jean, University of Alberta, Canada |
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Abstract: | This paper examines a generalization of cost-production duality for regulated firms. It derives an equivalency between the production function and conditional factor demands for the case where the firm's optimization problem is subject to a set of additional (regulatory) constraints. This procedure is extended to an optimization problem within a dynamic framework which leads to the recovery of the firm's technology. |
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Keywords: | cost duality regulation firm dynamic |
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