On Quasi-Homogeneous Production Functions

oleh: Alina-Daniela Vîlcu, Gabriel-Eduard Vîlcu

Format: Article
Diterbitkan: MDPI AG 2019-08-01

Deskripsi

In this paper, we investigate the class of quasi-homogeneous production models, obtaining the classification of such models with constant elasticity with respect to an input as well as with respect to all inputs. Moreover, we prove that a quasi-homogeneous production function <i>f</i> satisfies the proportional marginal rate of substitution property if and only <i>f</i> reduces to some symmetric production functions.