By Rolf Färe
Our unique explanation for scripting this booklet used to be the need to jot down in a single position a whole precis of the main ends up in du ality idea pioneered through Ronald W. Shephard in 3 of his books, expense and creation capabilities (1953), thought of rate and Produc tion features (1970), and oblique construction services (1974). during this manner, rookies to the sector may have easy accessibility to those very important principles. In adg,ition, we document a number of new result of our personal. particularly, we express the duality dating among the revenue functionality and the 8 identical representations of technol ogy that have been elucidated by means of Shephard. even if, in making plans the booklet and discussing it with colleagues it turned obvious that the sort of publication will be extra important if it additionally supplied a couple of functions of Shephard's duality thought to financial difficulties. therefore, we now have additionally tried to provide examination ples of using duality conception in components corresponding to potency degree ment, index quantity concept, shadow pricing, cost-benefit research, and econometric estimation. a lot of our wondering duality idea and its makes use of has been motivated via our current and previous collaborators. They contain Charles Blackorby, Shawna Grosskopf, Knox Lovell, Robert Russell, and, now not strangely, Ronald W. Shephard. we have now additionally profit ted through the years from many discussions with W. Erwin Diewert.
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