Add to ORKGWP 2001-02 May 2001A production function highly concave in inputs will have a dual profit function less convex in prices. Even large variations in prices will cause little variation in input usage and output, resulting in poor profit function estimates. This is demonstrated using Monte Carlo simulation with various curvatures and error structures
A number of recent theoretical papers have shown that, for buyer‐size discounts to emerge in a barga...
The Neoclassical theory of production establishes a dual relationship between the profit value funct...
The Neoclassical theory of production establishes a dual relationship between the profit value funct...
A production function highly concave in inputs will have a dual profit function less convex in price...
A production function highly concave in inputs will have a dual profit function less convex in price...
The Neoclassical theory of production establishes a dual relationship between the profit value funct...
The Neoclassical theory of production establishes a dual relationship between the profit value funct...
make verbatim copies of this document for non-commercial purposes by any means, provided this copyri...
Monte Carlo simulations of profit functions indicate that flexible functional forms may be ranked ne...
This paper shows that the new trend in econometric methodology of enforcing curvature indirectly in ...
The Neoclassical theory of production establishes a dual relationship between the profit value funct...
Recently there has been a growing debate as to whether the empirical properties of production respon...
Recently there has been a growing debate as to whether the empirical properties of production respon...
We conduct a Monte Carlo study of the global regularity properties of the Normalized Quadratic model...
This article is a limited assessment of the agricultural production economics literature since 1982 ...
A number of recent theoretical papers have shown that, for buyer‐size discounts to emerge in a barga...
The Neoclassical theory of production establishes a dual relationship between the profit value funct...
The Neoclassical theory of production establishes a dual relationship between the profit value funct...
A production function highly concave in inputs will have a dual profit function less convex in price...
A production function highly concave in inputs will have a dual profit function less convex in price...
The Neoclassical theory of production establishes a dual relationship between the profit value funct...
The Neoclassical theory of production establishes a dual relationship between the profit value funct...
make verbatim copies of this document for non-commercial purposes by any means, provided this copyri...
Monte Carlo simulations of profit functions indicate that flexible functional forms may be ranked ne...
This paper shows that the new trend in econometric methodology of enforcing curvature indirectly in ...
The Neoclassical theory of production establishes a dual relationship between the profit value funct...
Recently there has been a growing debate as to whether the empirical properties of production respon...
Recently there has been a growing debate as to whether the empirical properties of production respon...
We conduct a Monte Carlo study of the global regularity properties of the Normalized Quadratic model...
This article is a limited assessment of the agricultural production economics literature since 1982 ...
A number of recent theoretical papers have shown that, for buyer‐size discounts to emerge in a barga...
The Neoclassical theory of production establishes a dual relationship between the profit value funct...
The Neoclassical theory of production establishes a dual relationship between the profit value funct...