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Open AccessArticle

On Quasi-Homogeneous Production Functions

1
Department of Information Technology, Mathematics and Physics, Petroleum-Gas University of Ploieşti, Bd. Bucureşti 39, Ploieşti 100680, Romania
2
Department of Cybernetics, Economic Informatics, Finance and Accountancy, Petroleum-Gas University of Ploieşti, Bd. Bucureşti 39, Ploieşti 100680, Romania
*
Author to whom correspondence should be addressed.
Symmetry 2019, 11(8), 976; https://doi.org/10.3390/sym11080976
Received: 3 July 2019 / Revised: 28 July 2019 / Accepted: 30 July 2019 / Published: 1 August 2019
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Abstract

In this paper, we investigate the class of quasi-homogeneous production models, obtaining the classification of such models with constant elasticity with respect to an input as well as with respect to all inputs. Moreover, we prove that a quasi-homogeneous production function f satisfies the proportional marginal rate of substitution property if and only f reduces to some symmetric production functions. View Full-Text
Keywords: production function; quasi-homogeneous production model; marginal rate of substitution; elasticity of production production function; quasi-homogeneous production model; marginal rate of substitution; elasticity of production
This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited (CC BY 4.0).
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Vîlcu, A.-D.; Vîlcu, G.-E. On Quasi-Homogeneous Production Functions. Symmetry 2019, 11, 976.

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