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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: Charles Britt Moss
Publisher: World Scientific
ISBN: 9811241279
Category : Business & Economics
Languages : en
Pages : 576
Get Book Here
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: Sune Carlson
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 152
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Book Description
Author: Henry Charles Taylor
Publisher:
ISBN: 9781104032814
Category :
Languages : en
Pages : 340
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Book Description
This scarce antiquarian book is a facsimile reprint of the original. Due to its age, it may contain imperfections such as marks, notations, marginalia and flawed pages. Because we believe this work is culturally important, we have made it available as part of our commitment for protecting, preserving, and promoting the world's literature in affordable, high quality, modern editions that are true to the original work.
Author: Peter Harboe Castberg
Publisher:
ISBN:
Category : Economics
Languages : en
Pages : 382
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Book Description
Author: David L. Debertin
Publisher:
ISBN:
Category : Agricultural productivity
Languages : en
Pages : 413
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Book Description
Author: Sven Dano
Publisher: Springer Science & Business Media
ISBN: 3709181402
Category : Technology & Engineering
Languages : en
Pages : 226
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Book Description
This book is a result of many years' interest in the economic theory of pro duction, first aroused by the reading of Professor ERICH SCHNEIDER'S classic Theorie der Produktion. A grant from the Danish-Norwegian Foundation made it possible for me to spend six months at the Institute of Economics, University of Oslo, where I became acquainted with Professor RAGNAR FRISCH'S penetrating pioneer works in this field and where the plan of writing the present book was conceived. Further studies as a Rockefeller fellow at several American univer sities, especially an eight months' stay at the Harvard Economic Research Pro ject, and a visit to the Unione Industriale di Torino have given valuable impulses. For these generous grants, and for the help and advice given by the various institutions I have visited, I am profoundly grateful. My sincere thanks are also due to the University of Copenhagen for the ex ceptionally favourable working conditions which I have enjoyed there, and to the Institute of Economics-especially its director, Professor P. N0RREGAARD RASMUSsEN-for patient and encouraging interest in my work. I also wish to thank the Institute's office staff, Miss G. SUENSON and Mrs. G. STEN0R, for their constant helpfulness, and Mrs. E. HAUGEBO for her efficient work in preparing the manuscript, which was completed in the spring of 1965.
Author: Heinz D. Kurz
Publisher: Cambridge University Press
ISBN: 9780521588676
Category : Business & Economics
Languages : en
Pages : 596
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Book Description
This compelling book contains a comprehensive analytical treatment of the theory of production in a long-period framework. Although the authors take a 'Classical' approach to their subject, the scope of investigation and methods employed should interest all economic theorists. Professors Kurz and Salvadori explore economic systems that are characterised by a particular kind of primary input in the production process, such as different kinds of labour and natural resources. These systems and the corresponding prices can be understood to reflect characteristic features of a capitalist market economy in an ideal way: they express the pure logic of the relationship between value and distribution in an economic system. Specific chapters deal with prices and income distribution, economic growth, joint production, fixed capital, scarce natural resources (both renewable and exhaustible), and heterogeneous labour. The historical origins of the concepts used are also discussed in considerable detail.
Author: George Joseph Stigler
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 420
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Book Description
Author: Richard Harding
Publisher: Routledge
ISBN: 1351496476
Category : Business & Economics
Languages : en
Pages : 363
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Book Description
Production and Distribution Theories became a landmark in the study of economics when it was published in 1941. Nobel Laureate Stigler's book was the first to trace the development of theories alongside the history of economic thought. Stigler's pioneering effort remains a classic work on the evolution of distribution theory during a critical juncture in the development of modern industrial capitalism.Stigler examines the writings of major economists during the century, including William Stanley Jevons, Phillip Wicksteed, Alfred Marshall, F.Y. Edgeworth, and Leon Walras. He uses their works in order to show a variety of perspectives on distribution theory. Among the methods of thought he explores are neoclassical price theory and marginal productivity theory.In the new introduction, Douglas Irwin illustrates how this book came into being and notes its continuing significance to the study of economics. Joseph Schumpeter commented in his History of Economic Analysis that this excellent work by a competent theorist is perhaps the best survey in existence of the theoretical work of that period's leaders and is strongly recommended. This judgment still stands. The book will be of great interest to those interested not only in neoclassical economics, but also in the sources of Stigler's economic thought.
Author: John P. Doll
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 424
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Book Description
Production and cost functions; Allocation of one variable input; Production with two or more variable inputs; Productions of two or more products; The production process through time; Economics of size and their implications for farms; Introduction to decision theory; Linear programming; Farm adjustments in a changing economy.
