Benefit and distance functions
成果类型：
Article
署名作者：
Chambers, RG; Chung, YH; Fare, R
署名单位：
Southern Illinois University System; Southern Illinois University
刊物名称：
JOURNAL OF ECONOMIC THEORY
ISSN/ISSBN：
0022-0531
DOI：
10.1006/jeth.1996.0096
发表日期：
1996
页码：
407-419
关键词：
摘要：
We explore the relationship between R. W. Shephard's input distance function (''Cost and Production Functions,'' Princeton Univ. Press, Princeton, 1953) and D. G. Luenberger's benefit function (J. Math. Econ. 21 (1992a), 461-481). We point out that the latter can be recognized in a production context as a directional input distance function which can exhaustively characterize technologies in both price and input space. D. McFadden's (Cost, revenue, and profit functions, in ''Production Economics: A Dual Approach to Theory and Applications, ''North-Holland/Elsevier, New York, 1978) composition rules for input sets and input distance functions are then extended to the directional input distance function. (C) 1996 Academic Press, Inc.