Faculty Digital Archive

Archive@NYU >
Stern School of Business >
IOMS: Statistics Working Papers >

Please use this identifier to cite or link to this item: http://hdl.handle.net/2451/26315

Title: Economic Trade: a Solution to the Production Frontier of Two Economies in Trade
Authors: Tashjian, Richard
Issue Date: Dec-2005
Publisher: Stern School of Business, New York University
Series/Report no.: SOR-2005-6
Abstract: It is often possible to intuit the function describing the production frontier of two economies in trade. For example, when the two individual frontiers are linear, the aggregate frontier can be rendered by an intuitive sense of the two derivatives, as will be shown below. But when the two functions are complex, no amount of judgment will suffice to sketch the aggregate production frontier. To solve this conundrum, we will employ polar coordinates and Lagrange Multipliers to yield an analytical function describing the aggregate production frontier.
URI: http://hdl.handle.net/2451/26315
Appears in Collections:IOMS: Statistics Working Papers

Files in This Item:

File Description SizeFormat
05-06.pdf27.85 kBAdobe PDFView/Open

Items in Faculty Digital Archive are protected by copyright, with all rights reserved, unless otherwise indicated.


The contents of the FDA may be subject to copyright, be offered under a Creative Commons license, or be in the public domain.
Please check items for rights statements. For information about NYU’s copyright policy, see http://www.nyu.edu/footer/copyright-and-fair-use.html 
Valid XHTML 1.0 | CSS