THE RESTRICTED PROFIT FUNCTION AND THE APPLICATION OF THE GENERALIZEDLEONTIEF AND THE TRANSLOG FUNCTIONAL FORMS

Authors
BERGMAN MA
Citation
Ma. Bergman, THE RESTRICTED PROFIT FUNCTION AND THE APPLICATION OF THE GENERALIZEDLEONTIEF AND THE TRANSLOG FUNCTIONAL FORMS, International journal of production economics, 49(3), 1997, pp. 249-254
Citations number
6
Categorie Soggetti
Engineering
Journal title
International journal of production economics → ACNP
ISSN journal
09255273
Volume
49
Issue
3
Year of publication
1997
Pages
249 - 254
Database
ISI
SICI code
0925-5273(1997)49:3<249:TRPFAT>2.0.ZU;2-5
Abstract
A flexible form must have certain properties, in order to represent a restricted profit function. These are discussed, and a comparison is m ade between the translog and the generalised Leontief functional form, with and without homogeneity of degree one in the fixed factors. A sp ecification for the restricted generalised Leontief profit function is proposed, in which homogeneity of degree one in the fixed factors is nested in the non-homogeneous case.