Comment on “C.E.S. production functions in the light of the Cambridge critique” |
| |
Authors: | Giancarlo Gandolfo |
| |
Affiliation: | aSapienza University of Rome, Department of Economics, Via Castro Laurenziano 9, 00161 Roma, Italy |
| |
Abstract: | The controversy revived in Bertram Schefold’s paper is based on three common assumptions: (1) the underlying techniques are linear (2) perfect competition obtains (3) the economy operates in a putty-putty context. The consequences of dropping these assumptions are discussed, and the relation between nonlinearity and the error due to the use of an “imprecise” production function is examined. |
| |
Keywords: | Keyword: CES production function |
本文献已被 ScienceDirect 等数据库收录! |