Relations between convexity and homogeneity in multioutput technologies

Sung Ko LI*

*Corresponding author for this work

Research output: Contribution to journalArticlepeer-review

15 Citations (Scopus)

Abstract

Homogeneity and convexity are two important concepts in economics. With homogeneity, this paper shows that the technology set is convex if and only if the input sets are convex. Furthermore, even if individual technology sets are not convex, the aggregate technology can be made convex by considering at most two firms only.

Original languageEnglish
Pages (from-to)311-318
Number of pages8
JournalJournal of Mathematical Economics
Volume24
Issue number4
DOIs
Publication statusPublished - 1995

Scopus Subject Areas

  • Economics and Econometrics
  • Applied Mathematics

User-Defined Keywords

  • Cone technology
  • Convexity
  • Homogeneity

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