Abstract
The cost function. Properties of the cost function. Conditional factor demand functions. x*(w, y) is the vector x* that solves the problem in (25.1). Properties of the conditional factor demand function. Shephard’s lemma. Properties of the substitution matrix.
This is a preview of subscription content, access via your institution.
Buying options
Tax calculation will be finalised at checkout
Purchases are for personal use only
Learn about institutional subscriptionsPreview
Unable to display preview. Download preview PDF.
References
Varian (1992) is a basic reference. For a detailed discussion of existence and differentiability assumptions, see Fuss and McFadden (1978). For a discussion of Puu’s equation (25.17), see Johansen (1972). For (25.18)–(25.24), see Blackorby and Russell (1989). For special functional forms, see Fuss and McFadden (1978).
Author information
Authors and Affiliations
Corresponding author
Rights and permissions
Copyright information
© 2010 Springer-Verlag Berlin Heidelberg
About this chapter
Cite this chapter
Sydsæter, K., Strøm, A., Berck, P. (2010). Properties of cost and profit functions. In: Economists’ Mathematical Manual. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-540-28518-2_25
Download citation
DOI: https://doi.org/10.1007/978-3-540-28518-2_25
Publisher Name: Springer, Berlin, Heidelberg
Print ISBN: 978-3-540-26088-2
Online ISBN: 978-3-540-28518-2
eBook Packages: Business and EconomicsEconomics and Finance (R0)