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On Aggregate Notions Of Shephard'S And Hotelling'S Lemmas

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  • Blayney, Don
  • Mittlehammer, Ron C.

Abstract

Duality theory forms the basis of many recent analyses of aggregate economic relationships, despite the fact that the theory was conceived in the context of firm-level behavior. This paper explores notions of aggregate, cost and profit functions that lead to aggregate analogs of Shephard's and Hotelling's lemmas.

Suggested Citation

  • Blayney, Don & Mittlehammer, Ron C., 1986. "On Aggregate Notions Of Shephard'S And Hotelling'S Lemmas," 1986 Annual Meeting, July 27-30, Reno, Nevada 278075, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    • Handle: RePEc:ags:aaea86:278075
    DOI: 10.22004/ag.econ.278075
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    References listed on IDEAS

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    1. Lau, Lawrence J., 1978. "Applications of Profit Functions," Histoy of Economic Thought Chapters, in: Fuss, Melvyn & McFadden, Daniel (ed.),Production Economics: A Dual Approach to Theory and Applications, volume 1, chapter 3, McMaster University Archive for the History of Economic Thought.
    2. Fuss, Melvyn & McFadden, Daniel (ed.), 1978. "Production Economics: A Dual Approach to Theory and Applications," Elsevier Monographs, Elsevier, edition 1, number 9780444850133.
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