The Exchange Between Quantity and Quality

Jack Hirshleifer

ResearchPosted on rand.org 1955Published In: The Quarterly Journal of Economics, v. 69, no. 4, Nov. 1955, p. 596-606

In economic analysis, the cost isoquant between two different commodities from the point of view of a purchaser or a producer is in the general (possibly noncompetitive) case assumed to be concave to the origin — the limiting case being that of a purchasing unit with no monopsonistic power forced to move along a budget curve which is a straight line.

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Document Details

  • Copyright: President and Fellows of Harvard College
  • Publisher: Oxford University Press
  • Availability: Non-RAND
  • Year: 1955
  • Pages: 11
  • Document Number: EP-51826

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