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The Opportunity Cost of Import Tariffs - A Comment

✍ Scribed by GORDON TULLOCK**


Book ID
110942301
Publisher
John Wiley and Sons
Year
1987
Tongue
English
Weight
50 KB
Volume
40
Category
Article
ISSN
0023-5962

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A dual representation of a technology, e.g., a cost function, may not contain all of the technological information, but it will contain all of the information about input vectors that would be chosen by a cost-minimizing firm. At least this much is clear for deterministic technologies. The main ques