Abstract
In economics, homothetic functions are production functions whose marginal technical rate of substitution is homogeneous of degree zero. Mathematically, a homothetic function is a function of the form f(x)=F(h(x1,…,xn)), where F is a monotonically increasing function and h is a homogeneous function of any degree d≠0. In this paper, we classify homothetic functions satisfying the homogeneous Monge–Ampère equation. Several applications to production models in economics will also be given.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
