Beard, Rodney (2007): A constant elasticity of profit production function.
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Impact analysis of changes in production inputs may be simplified if one can apply a constant adjustment factor to profit. In particular, if a production function can be found for which the elasticity of profit is constant and this function has desirable properties, then one can use the input elasticity of profit to study the impact of input changes on profit. In this paper such a production function is derived from first principles.
|Item Type:||MPRA Paper|
|Original Title:||A constant elasticity of profit production function|
|Keywords:||Impact analysis, Production economics, elasticities|
|Subjects:||D - Microeconomics > D2 - Production and Organizations > D24 - Production; Cost; Capital; Capital, Total Factor, and Multifactor Productivity; Capacity
M - Business Administration and Business Economics; Marketing; Accounting > M2 - Business Economics > M21 - Business Economics
|Depositing User:||Rodney Beard|
|Date Deposited:||17. Nov 2007 04:52|
|Last Modified:||18. Feb 2013 05:29|
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