Input Demand Formulations and Duality Theory
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It 15 difficult to obtain c1osed-fonn solutions for input demand equations that are conducive to
econometric estimation and policy analysis when the production function IS unknown Developments In the theory of duality facilitate obtaining such equations This article provides three
examples of dual approaches to neoclassical constrained optimization One can obtain input
demand equations and all comparative statics effects from the first and second derivatives or these dual functions