Journal
JOURNAL OF ECONOMICS
Volume 125, Issue 3, Pages 279-308Publisher
SPRINGER WIEN
DOI: 10.1007/s00712-018-0611-7
Keywords
Luenberger-Hicks-Moorsteen indicator; Directional distance function; Aggregate Luenberger-Hicks-Moorsteen indicator; Resource function; Duality
Categories
Ask authors/readers for more resources
This paper extends to production theory some notions of compensated and equivalent variation analyzed in Luenberger (Econ Theory 7:445-462, 1996) in a consumer context. Along this line the Luenberger-Hicks-Moorsteen productivity indicator introduced in Briec and Kerstens (Econ Theory 23:925-939, 2004) is derived from these concepts for multi-output production technologies. The dual properties of this productivity indicator are analyzed and an aggregate indicator is introduced inspired from the resource function proposed in Luenberger (1996). A connection to a suitable Slutsky matrix is established.
Authors
I am an author on this paper
Click your name to claim this paper and add it to your profile.
Reviews
Recommended
No Data Available