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| Ngo Van Long and Frank Stähler |
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| ''The economics of production planning'' |
| ( 2018, Vol. 38 No.2 ) |
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| This note scrutinizes the role of share parameters in CES production functions. It shows that a firm, when planning production or selecting a production process, aims at maximizing one share parameter at the expense of another in a CES environment. Interior solutions can exist only if factor prices are uncertain to begin with. |
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| Keywords: Production plan, production functions, CES, Cobb-Douglas |
JEL: D2 - Production and Organizations: General
D8 - Information, Knowledge, and Uncertainty: General |
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| Manuscript Received : Feb 05 2018 | | Manuscript Accepted : Apr 15 2018 |
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