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OverviewThis text presents a complete summary of the major results in duality theory pioneered by Ronald W. Shephard. Building on this base, the authors present new findings including the duality relationship between the profit function and the eight equivalent representations of technology that were elucidated by Shephard. Finally, it provides a number of applications of duality theory to economic problems. These include efficiency measurement, index number theory, shadow pricing, cost-benefit analysis and econometric estimation. Full Product DetailsAuthor: Rolf Fare , Daniel PrimontPublisher: Springer Imprint: Springer Edition: 1995 ed. Dimensions: Width: 15.50cm , Height: 1.20cm , Length: 23.50cm Weight: 0.980kg ISBN: 9780792395188ISBN 10: 0792395182 Pages: 172 Publication Date: 31 December 1994 Audience: College/higher education , Professional and scholarly , Undergraduate , Postgraduate, Research & Scholarly Format: Hardback Publisher's Status: Active Availability: In Print  This item will be ordered in for you from one of our suppliers. Upon receipt, we will promptly dispatch it out to you. For in store availability, please contact us. Table of Contents1 Theories of the Firm Through Duality.- 1.1 The Different Behavioral Assumptions.- 1.2 Using Duality Theory to Overcome Data Problems.- 1.3 The Completion of Ronald W. Shephard’s Duality.- 1.4 Remarks on the Literature.- 2 Distance Functions.- 2.1 Input and Output Distance Functions.- 2.2 Efficiency Measurement.- 2.3 Quantity Index Applications.- 2.4 Modelling Returns to Scale.- 2.5 Remarks on the Literature.- 3 Cost and Revenue Functions.- 3.1 Duality Theorems.- 3.2 Derivative Properties of Cost and Revenue Functions.- 3.3 Shadow Pricing of Inputs and Outputs.- 3.4 Overall Efficiency Measurement.- 3.5 Price Indexes.- 3.6 Inverse Homotheticity.- 3.7 Remarks on the Literature.- 3.A Appendix.- 4 Indirect Distance Functions.- 4.1 Cost and Revenue Constrained Firms.- 4.2 Dualities.- 4.3 Derivative Properties of the Indirect Distance Functions.- 4.4 Nonparametric Testing.- 4.5 Remarks on the Literature.- 4.A Appendix.- 5 Indirect Cost and Revenue Functions.- 5.1 Duality Theorems.- 5.2 Derivative Properties.- 5.3 Cost Benefit Analysis.- 5.4 Remarks on the Literature.- 5.A Appendix.- 6 The Profit Function.- 6.1 Duality Theorems.- 6.2 The Profit, Cost, and Revenue Functions.- 6.3 The Profit, Indirect Input Distance and Indirect Output Distance Functions.- 6.4 The Profit, Indirect Cost and Indirect Revenue Functions.- 6.5 Remarks on the Literature.- 7 Towards Empirical Applications.- 7.1 An Overview.- 7.2 Monotonicity, Homogeneity and Convexity.- 7.3 Homogeneous and Inversely Homothetic Technologies.- 7.4 Functional Forms.- 7.5 Remarks on the Literature.- References.- Author Index.ReviewsAuthor InformationTab Content 6Author Website:Countries AvailableAll regions |
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