Scandinavian Working Papers in Economics

Working Paper Series,
Research Institute of Industrial Economics

No 1328: Homogeneity, Returns to Scale and (Log)Concavity

Per Hjertstrand ()
Additional contact information
Per Hjertstrand: Research Institute of Industrial Economics (IFN), Postal: Research Institute of Industrial Economics, Box 55665, SE-102 15 Stockholm, Sweden

Abstract: This brief note shows that if a production function, f, is quasiconcave, increasing and homogeneous, then f is concave if it displays nonincreasing returns to scale, and f is logconcave if it displays increasing returns to scale.

Keywords: Homogeneity; Returns to scale; Rho-concavity

JEL-codes: D21

4 pages, March 30, 2020

Full text files 

wp1328.pdf PDF-file Full text

Download statistics

Questions (including download problems) about the papers in this series should be directed to Elisabeth Gustafsson ()
Report other problems with accessing this service to Sune Karlsson ().

This page generated on 2024-02-05 17:12:21.