The use–make framework and the derivation of functional forms in production theory |
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Authors: | Thijs ten Raa |
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Institution: | Department of Econometrics and OR, Tilburg University, Tilburg, Netherlands |
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Abstract: | The use–make framework is employed to explain functional forms in production theory, including Cobb–Douglas and Leontief. Productivity and efficiency are interrelated by augmenting the framework with a linear program that determines the frontier output. |
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Keywords: | Use–make framework productivity efficiency functional forms |
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