Representations and identities for homogeneous technologies

Using up to nine different ways to represent a homogeneous technology, this paper proves explicit one to one identities between most of those different representations of a technology, outlining the homogeneity properties of each representation. These identities, which allow to shift from one representation of a technology to another -and which are summarized in a matrix of identities - can be useful since they provide a tool to obtain explicit functional forms for homogeneous technologies. They can also be useful to simplify computational procedures when different representations of a technology are needed. Finally, the document also refers explicitly to some aspects of producer theory that are often neglected or treated in a marginal way in the literature, such as the inverse supply, the non conditional cost and the inverse input demand functions.

• Autores: Espinosa Farfán, Miguel Andrés; Bonaldi, Pietro; Vallejo González, Hernán Eduardo
• Tipo de recurso: Work document
• Fecha de publicación: 2008
• Institución: Universidad de los Andes
• Repositorio: Séneca: repositorio Uniandes
• Idioma: eng
• OAI Identifier: oai:repositorio.uniandes.edu.co:1992/8060
• Acceso en línea: http://hdl.handle.net/1992/8060
• Palabra clave: Identities; Homogeneous production functions and firm theory; Tecnología; Literatura y tecnología; D20, D21, D24
• Rights: openAccess
• License: http://creativecommons.org/licenses/by-nc-nd/4.0/