Activity Analysis in Production Economics

Thijs Ten Raa

doi:10.1007/978-981-10-3455-8_25

Activity Analysis in Production Economics

Thijs Ten Raa^*

^*Corresponding author for this work

Theoretical Microeconomics

Research output: Chapter in Book/Report/Conference proceeding › Chapter › Academic › peer-review

Abstract

This chapter opens with the historical root of activity analysis. The framework of activity analysis admits multiple techniques to produce a commodity. Substitution theorems investigate when the market mechanism singles out a best technique for each product and if the best techniques vary with the data of an economy, such as resource availabilities. Houthakker’s Theorem initiated a literature on the relationship between the distribution of activities and the form of the aggregate production function. Activity analysis is connected to modern input-output analysis, where the numbers of products and industries differ, which facilitates the measurement of the efficiency of the production units of an economy and of the economy.

Original language	English
Title of host publication	Handbook of Production Economics
Editors	Subhash C. Ray, Robert G. Chambers, Subal C. Kumbhakar
Publisher	Springer
Pages	471-482
Number of pages	12
ISBN (Electronic)	9789811034558
ISBN (Print)	9789811034541
DOIs	https://doi.org/10.1007/978-981-10-3455-8_25
Publication status	Published - 1 Jan 2022

Bibliographical note

Publisher Copyright:
© Springer Nature Singapore Pte Ltd. 2022.

Keywords

Activity analysis
Efficiency
Houthakker’s theorem
Input-output analysis
Substitution theorem

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10.1007/978-981-10-3455-8_25

978-981-10-3455-8_25Final published version, 187 KBLicence: Taverne

Cite this

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A2 - Kumbhakar, Subal C.

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Activity Analysis in Production Economics

Abstract

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Keywords

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