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This article is cited in 1 scientific paper (total in 1 paper)
The construction of a production function from the restriction to the simplex
E. M. Bronshtein Ufa State Aviation Technical University,
12 K. Marks str., Ufa, 450000 Russia
Abstract:
We obtain conditions for a function defined on a standard simplex in $\mathbb R^n$, for which its $\alpha$-homogeneous extension to a nonnegative orthant has the properties of a production function (nondecreasing for all variables, concavity). We study some standard functions on a simplex for the first property.
Keywords:
production function, simplex, nondecreasing, concavity.
Received: 09.07.2018 Revised: 09.07.2018 Accepted: 19.12.2018
Citation:
E. M. Bronshtein, “The construction of a production function from the restriction to the simplex”, Izv. Vyssh. Uchebn. Zaved. Mat., 2019, no. 11, 3–9; Russian Math. (Iz. VUZ), 63:11 (2019), 1–6
Linking options:
https://www.mathnet.ru/eng/ivm9510 https://www.mathnet.ru/eng/ivm/y2019/i11/p3
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