on quasi-homogeneous production functions

on quasi-homogeneous production functions

;Alina-Daniela Vîlcu;Gabriel-Eduard Vîlcu
journal of hospitality and tourism management 2019 Vol. 11 pp. 976-
117
vlcu2019symmetryon

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.

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165474
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