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Scandinavian Journal of Economics
Article . 1984 . Peer-reviewed
Data sources: Crossref
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Notes on Quasi-Convexity of the Cost Function

Notes on quasi-convexity of the cost function
Authors: Lehmijoki, Ulla;

Notes on Quasi-Convexity of the Cost Function

Abstract

\textit{R. Shephard} [''Indirect production functions'' (1974; Zbl 0278.90036)] and \textit{S. E. Jacobsen} [J. Econ. Stud. 1972, 458-464 (1972)] have shown that the cost function is convex if and only if the production technology of a firm is convex. Convexity of technology is a strong assumption, however, and in fact many problems of firms can be solved using the quasi-convex cost function only. In this note, we introduce a weaker axiom sufficient to make the cost function quasi- convex. Examples of the usefulness of quasi-convexity may be found in the field of dual production theory.

Keywords

cost function, Production theory, theory of the firm, dual production theory, production technology, quasi-convexity

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selected citations
These citations are derived from selected sources.
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
5
Average
Average
Average
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