Modelling Scale Economies with Ray-Homothetic Production Functions
- 1 November 1985
- journal article
- Published by JSTOR in The Review of Economics and Statistics
- Vol. 67 (4) , 624
- https://doi.org/10.2307/1924807
Abstract
Ray-homotheticity is proposed as a fruitful way of modelling scale economies. It permits scale economies to vary with the rate of output and the input mix, thus...Keywords
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