On the existence of joint production functions |
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Authors: | Rokaya Al-Ayat Rolf Fre |
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Institution: | Rokaya Al-Ayat,Rolf Färe |
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Abstract: | Within a general framework of production correspondences satisfying a set of weak axioms necessary and sufficient conditions for the existence of a joint production function are given. Without enforcing the strong disposability of inputs or outputs it is shown that a joint production function exists if and only if both input and output correspondences are strictly increasing along rays. |
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