Invited Address Speaker: David B. Humphrey Affiliation: Florida State University Title: Production Functions
Abstract. A brief survey of how economists developed and currently use production and cost functions to: (a) determine the distribution of income to labor versus owners of capital; (b) assess the ability of firms to adjust to changes in input prices (e.g., via unions or OPEC); (c) measure economies from large scale operations; (d) identify the sources of economic growth; (e) assess the benefits of mergers; and (f) rank firms by their frontier cost efficiency (i.e., benchmarking).
Awards and Honors
Dwight B. Goodner Awards   CIGNA Scholars   Kenneth G. Boback Award   Pi Mu Epsilon Induction of New Members
Reception
204-B LOV following the program.