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On the General Theory of Production Functions

Author

Listed:
  • Catalin Angelo Ioan

    (Danubius University of Galati, Romania)

  • Gina Ioan

    (Danubius University of Galati, Romania)

Abstract

In this paper we will study from an axiomatic point of view the production functions. Also we will define the main indicators of a production function, extending the classical definitions to n inputs and introducing other new. We will modify the notion of global average productivity and replace it with more realistic indicators. On the other hand, the notion of global rate of substitution will be introduced to the analysis of n goods.

Suggested Citation

  • Catalin Angelo Ioan & Gina Ioan, 2012. "On the General Theory of Production Functions," Acta Universitatis Danubius. OEconomica, Danubius University of Galati, issue 5(5), pages 225-238, October.
    • Handle: RePEc:dug:actaec:y:2012:i:5:p:225-238
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    File URL: http://journals.univ-danubius.ro/index.php/oeconomica/article/view/1035/1332
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    References listed on IDEAS

    as
    1. Catalin Angelo Ioan & Gina Ioan, 2011. "A generalization of a class of production functions," Applied Economics Letters, Taylor & Francis Journals, vol. 18(18), pages 1777-1784, December.
    2. Catalin Angelo Ioan & Gina Ioan, 2012. "The Consumer’s Behavior after the Preferences Nature," Acta Universitatis Danubius. OEconomica, Danubius University of Galati, issue 2(2), pages 127-138, April.
    3. Catalin Angelo Ioan & Gina Ioan, 2011. "The Extreme of a Function Subject to Restraint Conditions," Acta Universitatis Danubius. OEconomica, Danubius University of Galati, issue 3(3), pages 203-207, June.
    4. Catalin Angelo Ioan, 2015. "A New Approach to Utility Function," Acta Universitatis Danubius. OEconomica, Danubius University of Galati, issue 11(2), pages 194-223, April.
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    Cited by:

    1. Catalin Angelo IOAN & Gina IOAN, 2015. "The Complete Theory of Generalized CES Production Function," The Journal of Accounting and Management, Danubius University of Galati, issue 2, pages 15-37, August.
    2. Catalin Angelo Ioan & Gina Ioan, 2012. "Discussions on n Substitutable Goods Production and Consumption," Acta Universitatis Danubius. OEconomica, Danubius University of Galati, issue 4(4), pages 168-176, August.
    3. Catalin Angelo Ioan & Gina Ioan, 2016. "On Certain Conditions for Generating Production Functions - I," Acta Universitatis Danubius. OEconomica, Danubius University of Galati, issue 12(1), pages 129-150, February.

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