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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
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
MDPI and ACS Style

Vîlcu, A.-D.; Vîlcu, G.-E. On Quasi-Homogeneous Production Functions. Symmetry 2019, 11, 976.

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