Cost and production duality: The case of the regulated firm

Authors
Ouellette, P Vigeant, S
Citation
P. Ouellette et S. Vigeant, Cost and production duality: The case of the regulated firm, J PROD ANAL, 16(3), 2001, pp. 203-224
Citations number
14
Categorie Soggetti
Economics
Journal title
JOURNAL OF PRODUCTIVITY ANALYSIS
ISSN journal
0895562X → ACNP
Volume
16
Issue
3
Year of publication
2001
Pages
203 - 224
Database
ISI
SICI code
0895-562X(2001)16:3<203:CAPDTC>2.0.ZU;2-N
Abstract
This paper examines a generalization of cost-production duality for regulat ed firms. It derives an equivalency between the production function and con ditional factor demands for the case where the firm's optimization problem is subject to a set of additional (regulatory) constraints. This procedure is extended to an optimization problem within a dynamic framework which lea ds to the recovery of the firm's technology.