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| Vladimir Matveenko |
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| ''Anatomy of production functions: a technological menu and a choice of the best technology'' |
| ( 2010, Vol. 30 No.3 ) |
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| Jones (2005) proposed microfoundations for the Cobb-Douglas production function. We show that Jones' technological menu is a special case of a concept of support set discussed by Matveenko (1997) and Rubinov, Glover (1998) by use of a duality approach. We use this approach to clarify the relation between different production functions and technological menus. Also we construct an "ideas model" generating CES production function. |
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| Keywords: Production function, technological menu, Leontief function, Cobb-Douglas function, CES function, duality, support set |
JEL: O4 - Economic Growth and Aggregate Productivity: General
E1 - General Aggregative Models: General |
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| Manuscript Received : Mar 23 2010 | | Manuscript Accepted : Jul 20 2010 |
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