Production Economics: A Dual Approach to Theory and Applications

Part I opens with a chapter by McFadden, who provides a most welcome summary of the proofs and principal results of Shephard's approach to cost and production functions. It sets the tone for the chapters which follow. Part I is completed by chapters by Hanoch, who prefers to work with polar functions, and by Fuss, who introduced multiple outputs and normalised (in terms of output price) profit functions...