Hence, a justification is provided for the technique of recovering the production function from the cost function by solving the system of equations generated by Shephard's lemma. The alternative ...

We examine inconsistencies and controversies related to the use of CES production functions in growth models. First, we show that not all variants of CES functions commonly used are consistently ...

Students in this program study the production, distribution, and consumption of food, fiber, and energy in both developed and less-developed countries. To address these issues, the program emphasizes ...

Opinion - Managerial economics is the combination of management and economics. In simple words management is the planning, organizing, leading and controlling the efforts of a group of peoples ...