On homogeneous production functions with proportional marginal rate of substitution

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Abstract

We completely classify homogeneous production functions with proportional marginal rate of substitution and with constant elasticity of labor and capital, respectively. These classifications generalize some recent results of C. A. Ioan and G. Ioan (2011) concerning the sum production function. © 2013 Alina Daniela Vîlcu and Gabriel Eduard Vîlcu.

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Vîlcu, A. D., & Vîlcu, G. E. (2013). On homogeneous production functions with proportional marginal rate of substitution. Mathematical Problems in Engineering, 2013. https://doi.org/10.1155/2013/732643

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