The production function explains a basic technological relationship between scarce resources, or inputs, and output. This paper offers a brief overview of the... Skip to main content. Ask the ...

In my last post on my Debtwatch blog, I finished by saying that the Physiocrats were the only School of economics to properly consider the role of energy in production. They ascribed it solely to ...

In this article, we propose a new class of production functions in the new classical theory of economics and study its qualities based on Euler’s relation of quasi-homogeneous functions. In a market ...

This paper views the standard production function in macroeconomics as a reduced form and derives its properties from microfoundations. The shape of this production function is governed by the ...

Previous studies on hospitals' efficiency often refer to quite restrictive functional forms for the technology (Aigner et al., 1977, J. Econom., 6, 21–37). In this paper, referring to a study about ...

On the other hand, Production function, in economics as an equation expresses the relationship between the quantities of productive factors (such as labour and capital) used and the amount of ...

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Multilevel flexible specification of the production function in health economics Abstract: Previous studies on hospitals' efficiency often refer to quite restrictive functional forms for the ...