Abstract
This chapter opens with the historical root of activity analysis. The framework of activity analysis admits multiple techniques to produce a commodity. Substitution theorems investigate when the market mechanism singles out a best technique for each product and if the best techniques vary with the data of an economy, such as resource availabilities. Houthakker’s Theorem initiated a literature on the relationship between the distribution of activities and the form of the aggregate production function. Activity analysis is connected to modern input-output analysis, where the numbers of products and industries differ, which facilitates the measurement of the efficiency of the production units of an economy and of the economy.
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ten Raa, T. (2021). Activity Analysis. In: Ray, S.C., Chambers, R.G., Kumbhakar, S.C. (eds) Handbook of Production Economics. Springer, Singapore. https://doi.org/10.1007/978-981-10-3450-3_25-2
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DOI: https://doi.org/10.1007/978-981-10-3450-3_25-2
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Activity Analysis in Production Economics- Published:
- 09 January 2022
DOI: https://doi.org/10.1007/978-981-10-3450-3_25-3
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Activity Analysis
- Published:
- 13 November 2021
DOI: https://doi.org/10.1007/978-981-10-3450-3_25-2
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Activity Analysis- Published:
- 06 December 2020
DOI: https://doi.org/10.1007/978-981-10-3450-3_25-1