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Generalized Ozaki cost function

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The generalized-Ozaki cost is a general description of cost described by Shuichi Nakamura.[1]

For output y, at date t and a vector of m input prices p, the generalized-ozaki cost, c, is

References

  1. ^ Shinichiro Nakamura (1990). "A Nonhomothetic Generalized Leontief Cost Function Based on Pooled Data". The Review of Economics and Statistics. 72 (4): 649–656.