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Author:
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ISBN:
Category : Agriculture
Languages : en
Pages : 218
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Author:
Publisher:
ISBN:
Category : Agriculture
Languages : en
Pages : 218
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Author: Thomas Thacher
Publisher:
ISBN:
Category : Reforestation
Languages : en
Pages : 48
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Author:
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ISBN:
Category : Agriculture
Languages : en
Pages : 38
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ISBN:
Category : Forest ecology
Languages : en
Pages : 64
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ISBN:
Category : Ecotourism
Languages : en
Pages : 46
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Author: Charles Britt Moss
Publisher: World Scientific
ISBN: 9811241279
Category : Business & Economics
Languages : en
Pages : 576
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Book Description
Production economics is that branch of microeconomics that examines producer decisions. This book focuses on the empirical estimation of these relationships using primal, dual, and differential specifications. The primal specification models production decisions based on the production function — estimation of the input/output relationship and the derivation of optimization behavior from this technical relationship. The dual approach estimates production decisions using economic information such as input and output prices. The textbook then develops the linkages between these relationships. The differential specification is an alternative approach derived from changes in the first-order conditions from cost minimizing behavior. In each case, the theoretical development is followed by different empirical specifications that can be used to estimate the producer's choice.
Author: Zdenko Stefanides
Publisher:
ISBN:
Category :
Languages : en
Pages : 248
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ISBN:
Category : Economics
Languages : en
Pages : 658
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Author: Subal C. Kumbhakar
Publisher: Cambridge University Press
ISBN: 1107717302
Category : Business & Economics
Languages : en
Pages : 348
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Book Description
Modern textbook presentations of production economics typically treat producers as successful optimizers. Conventional econometric practice has generally followed this paradigm, and least squares based regression techniques have been used to estimate production, cost, profit and other functions. In such a framework deviations from maximum output, from minimum cost and cost minimizing input demands, and from maximum profit and profit maximizing output supplies and input demands, are attributed exclusively to random statistical noise. However casual empiricism and the business press both make persuasive cases for the argument that, although producers may indeed attempt to optimize, they do not always succeed. This book develops econometric techniques for the estimation of production, cost and profit frontiers, and for the estimation of the technical and economic efficiency with which producers approach these frontiers. Since these frontiers envelop rather than intersect the data, and since the authors continue to maintain the traditional econometric belief in the presence of external forces contributing to random statistical noise, the work is titled Stochastic Frontier Analysis.
Author:
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ISBN:
Category : Agriculture
Languages : en
Pages : 1716
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