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Article

Anatomy of production functions: a technological menu and a choice of the best technology

Economics Bulletin. 2010. Vol. 30. No. 3. P. 1906-1913.
Jones (2005) proposed microfoundations for the Cobb-Douglas production function. We show that Jones' technological menu is a special case of a concept of support set discussed by Matveenko (1997) and Rubinov, Glover (1998) by use of a duality approach. We use this approach to clarify the relation between different production functions and technological menus. Also we construct an "ideas model" generating CES production function.