Department of Agricultural and Resource Economics
Homogeneity and Supply
- Author(s): LaFrance, Jeffrey T
- Pope, Rulon D.
- et al.
Supply functions in the ubiquitous Gorman class are examined for their homogeneity properties. Homogeneity places surprisingly strong restrictions on functional forms. These forms facilitate testing of aggregability given homogeneity or homogeneity given aggregability or testing both.