IDEAS home Printed from https://ideas.repec.org/a/bla/ecorec/v64y1988i2p133-135.html
   My bibliography  Save this article

The HQ Production Function

Author

Listed:
  • ROBERT E. KOHN

Abstract

A sixth‐degree production function of Henderson and Quands (1958), that exhibits increasing and then decreasing returns to scale, is generalized to allow for non‐homotheticity as well as homotheticity. Although the long‐run function lacks the desirable short‐run attribute of the original function, it has the advantage that the cross‐marginal product is conventionally positive The simplicity and versatility of die HQ production function make it useful for computer simulations of long‐run competitive market equilibrium with a determinate number of firms.

Suggested Citation

  • Robert E. Kohn, 1988. "The HQ Production Function," The Economic Record, The Economic Society of Australia, vol. 64(2), pages 133-135, June.
    • Handle: RePEc:bla:ecorec:v:64:y:1988:i:2:p:133-135
    DOI: 10.1111/j.1475-4932.1988.tb02049.x
    as

    Download full text from publisher

    File URL: https://doi.org/10.1111/j.1475-4932.1988.tb02049.x
    Download Restriction: no
    File URL: https://libkey.io/10.1111/j.1475-4932.1988.tb02049.x?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Kohn, Robert E, 1987. "The Technology of Pollution Avoidance by Firms," Public Finance = Finances publiques, , vol. 42(3), pages 384-394.
    2. Robert E. Kohn, 1988. "Efficient Scale of the Pollution-Abating Firm," Land Economics, University of Wisconsin Press, vol. 64(1), pages 53-61.
    3. Robert E. Kohn, 1985. "A General Equilibrium Analysis of the Optimal Number of Firms in a Polluting Industry," Canadian Journal of Economics, Canadian Economics Association, vol. 18(2), pages 347-354, May.
    4. Herbert H. Tsang, 1973. "Economic Hypotheses and the Derivation of Production Functions," The Economic Record, The Economic Society of Australia, vol. 49(3), pages 456-463, September.
    5. repec:bla:ecorec:v:49:y:1973:i:127:p:456-63 is not listed on IDEAS
    6. Robert E. Kohn, 1986. "The Rate of Emission and the Optimal Scale of the Polluting Firm," Canadian Journal of Economics, Canadian Economics Association, vol. 19(3), pages 574-581, August.
    7. Kohn, Robert E., 1986. "The rate of interest in a stationary economy," Journal of Macroeconomics, Elsevier, vol. 8(3), pages 373-380.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Gregg Frasco, 2002. "A comparison of rents and producer surplus when industry input supply functions are interdependent," Atlantic Economic Journal, Springer;International Atlantic Economic Society, vol. 30(4), pages 403-413, December.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Kohn, Robert E., 1997. "The effect of emission taxes and abatement subsidies on market structure: Comment," International Journal of Industrial Organization, Elsevier, vol. 15(5), pages 617-628, August.
    2. Finkelshtain, Israel & Kislev, Yoav, 1996. "Political Lobbying, Individual Rationality, and Asymmetry of Taxes and Subsidies," Working Papers 232801, Hebrew University of Jerusalem, Center for Agricultural Economic Research.
    3. Stavins, Robert, 2004. "Environmental Economics," RFF Working Paper Series dp-04-54, Resources for the Future.
    4. Cropper, Maureen L & Oates, Wallace E, 1992. "Environmental Economics: A Survey," Journal of Economic Literature, American Economic Association, vol. 30(2), pages 675-740, June.
    5. Yoshifumi Konishi & Nori Tarui, 2015. "Emissions Trading, Firm Heterogeneity, and Intra-industry Reallocations in the Long Run," Journal of the Association of Environmental and Resource Economists, University of Chicago Press, vol. 2(1), pages 1-42.
    6. Gaude, Jacques., 1974. "Capital-labour substitution possibilities; a review of empirical research. Provisional," ILO Working Papers 991534603402676, International Labour Organization.
    7. Jon Strand, 1994. "Environmental accidents under moral hazard and limited firm liability," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 4(5), pages 495-509, October.
    8. Revesz, Richard & Stavins, Robert, 2004. "Environmental Law and Policy," Working Paper Series rwp04-023, Harvard University, John F. Kennedy School of Government.
    9. Robert Kohn, 1999. "Risk-Neutrality versus Risk A version in a Model of Production Efficiency under Uncertainty," International Economic Journal, Taylor & Francis Journals, vol. 13(1), pages 71-79.
    10. Finkelshtain, Israel & Kislev, Yoav, 2004. "Taxes and subsidies in a polluting and politically powerful industry," Journal of Asian Economics, Elsevier, vol. 15(3), pages 481-492, June.
    11. Anthony Heyes, 2009. "Is environmental regulation bad for competition? A survey," Journal of Regulatory Economics, Springer, vol. 36(1), pages 1-28, August.
    12. Khanna, Madhu & Zilberman, David, 1997. "Incentives, precision technology and environmental protection," Ecological Economics, Elsevier, vol. 23(1), pages 25-43, October.
    13. Lin Lin & Hsien-Chang Kuo & I-Liang Lin, 2008. "Merger and optimal number of firms: an integrated simulation approach," Applied Economics, Taylor & Francis Journals, vol. 40(18), pages 2413-2421.
    14. Chambers, Paul E. & Jensen, Richard A., 2002. "Transboundary Air Pollution, Environmental Aid, and Political Uncertainty," Journal of Environmental Economics and Management, Elsevier, vol. 43(1), pages 93-112, January.
    15. R. Devlin & R. Grafton, 1994. "Tradeable permits, missing markets, and technology," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 4(2), pages 171-186, April.
    16. David Dole, 2001. "Measuring the Impact of Regulations on Small Firms," NCEE Working Paper Series 200103, National Center for Environmental Economics, U.S. Environmental Protection Agency, revised Nov 2001.
    17. Robert E. Kohn & Gjermund Vaage, 1998. "Factor Dominance and Long-Run Equilibrium Scale," The Journal of Economic Education, Taylor & Francis Journals, vol. 29(1), pages 65-71, March.
    18. J. Kirker Stephens & Rothwell Stephens, 1975. "Economic Hypotheses and the Derivation of Production Functions: A Comment," The Economic Record, The Economic Society of Australia, vol. 51(2), pages 253-255, June.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bla:ecorec:v:64:y:1988:i:2:p:133-135. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: https://edirc.repec.org/data/esausea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.