Abstract
In the previous chapters we derived conditions for a cost minimising combination of inputs (Chap. 4), and studied how the demand for variable input depends – not only on the input price, but also on the prices of other variable inputs that may be used to substitute the input in question (Chap. 7). However, there are special cases/inputs when it is not possible to apply the previous models directly, and the concept of the pseudo scale line becomes useful.
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References
Balk, B. M. (1998). Industrial price, quantity, and productivity indices. Boston: Kluwer Academic Publishers.
Chambers, R. G. (1988). Applied production analysis: A dual approach. New York: Cambridge University Press.
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Rasmussen, S. (2013). Land and Other Inputs. In: Production Economics. Springer Texts in Business and Economics. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-30200-8_8
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DOI: https://doi.org/10.1007/978-3-642-30200-8_8
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