Production Theory and Indivisible Commodities. (PSME-3), Volume 3 / Charles Raphael Frank.

Format:

Book

Author/Creator:

Frank, Charles Raphael, author.

Series:

Princeton legacy library.

Princeton studies in mathematical economics ; Number 3.

Princeton Studies in Mathematical Economics ; 1886

Language:

English

Subjects (All):

Production (Economic theory).

Economics, Mathematical.

Genre:

Electronic books.

Physical Description:

1 online resource (154 p.)

Place of Publication:

Princeton, NJ : Princeton University Press, [2015]

Language Note:

In English.

System Details:

Mode of access: World Wide Web.

Summary:

One of the usual assumptions in economic theory is that an entity called a commodity can be measured or that the amount of it can be represented by any real number. The functions (or other types of mapping) with which the economist deals, such as production functions, demand curves, and cost functions are assumed to be defined for real number arrays and to behave properly with respect to various criteria of continuity. Assumptions of this sort imply an acceptance of commodity divisibility. However, it is possible that in many instances indivisible rather than divisible commodities are the more relevant factors. This book incorporates the notion of indivisibility in a limited way into an analysis of production and allocation in the belief that there is a large class of problems for which this type of analysis is relevant.Originally published in 1969.The Princeton Legacy Library uses the latest print-on-demand technology to again make available previously out-of-print books from the distinguished backlist of Princeton University Press. These editions preserve the original texts of these important books while presenting them in durable paperback and hardcover editions. The goal of the Princeton Legacy Library is to vastly increase access to the rich scholarly heritage found in the thousands of books published by Princeton University Press since its founding in 1905.

Contents:

Frontmatter

Preface

Contents

Chapter 1. Introduction

Chapter 2. Production Possibilities, Attainability, Prices, Efficiency, and Profit Maximization

Chapter 3. Indivisible Commodities and Returns to Scale

Chapter 4. Substitution and Price Discrimination

Chapter 5. Attaining Efficiency

Chapter 6. Integer Activity Analysis

Chapter 7. Conclusion

Appendix

Index

Notes:

Includes index.

Bibliographical footnotes.

Description based on online resource; title from PDF title page (publisher's Web site, viewed 08. Jul 2019)

ISBN:

9780691648958

0691648956

9781400875290

1400875293

OCLC:

967528718