The New Palgrave Dictionary of Economics

2018 Edition
| Editors: Macmillan Publishers Ltd

Joint Production in Linear Models

  • Bertram Schefold
Reference work entry
First Online:
DOI: https://doi.org/10.1057/978-1-349-95189-5_1210
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Abstract

General joint production is defined as the simultaneous production of at least two commodities in one production process. This definition includes machines (fixed capital) that are not used up in one production period, and land which is by definition neither producible nor exhaustible.

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© Macmillan Publishers Ltd. 2018

Authors and Affiliations

  • Bertram Schefold
    • 1
  1. 1.