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Author: Rochelle Lessner
Publisher:
ISBN:
Category : Agriculture
Languages : en
Pages : 404
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Book Description
Author: Rochelle Lessner
Publisher:
ISBN:
Category : Agriculture
Languages : en
Pages : 404
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Book Description
Author: David F. Heathfield
Publisher:
ISBN: 9780391035072
Category : Cost
Languages : en
Pages : 0
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Book Description
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: Dale Weldeau Jorgenson
Publisher: MIT Press
ISBN: 9780262100823
Category : Business & Economics
Languages : en
Pages : 594
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Book Description
This volume summarizes the economic theory, the econometric methodology and the empirical findings resulting from the new approach to econometric modelling of producer behaviour.
Author: Subal C. Kumbhakar
Publisher: Cambridge University Press
ISBN: 1316194493
Category : Business & Economics
Languages : en
Pages : 375
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Book Description
A Practitioner's Guide to Stochastic Frontier Analysis Using Stata provides practitioners in academia and industry with a step-by-step guide on how to conduct efficiency analysis using the stochastic frontier approach. The authors explain in detail how to estimate production, cost, and profit efficiency and introduce the basic theory of each model in an accessible way, using empirical examples that demonstrate the interpretation and application of models. This book also provides computer code, allowing users to apply the models in their own work, and incorporates the most recent stochastic frontier models developed in academic literature. Such recent developments include models of heteroscedasticity and exogenous determinants of inefficiency, scaling models, panel models with time-varying inefficiency, growth models, and panel models that separate firm effects and persistent and transient inefficiency. Immensely helpful to applied researchers, this book bridges the chasm between theory and practice, expanding the range of applications in which production frontier analysis may be implemented.
Author: Melvyn Fuss
Publisher: Elsevier
ISBN: 148325903X
Category : Business & Economics
Languages : en
Pages : 361
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Book Description
Contributions to Economic Analysis: Production Economics: A Dual Approach to Theory and Applications, Volume 2 focuses on the theory of production from the standpoint of the "dual", the relationships between economic observables which are dual to physical technology. The selection first ponders on duality, intermediate inputs and value-added, Hicks' aggregation theorem and the existence of a real value-added function, and homotheticity and real value-added in Canadian manufacturing. Discussions focus on real value-added and the production structure, estimation of the production structure, double deflation and real value-added, measurement of total productivity, and duality between direct and conditional indirect utility functions. The book then examines the estimation techniques for the elasticity of substitution and other production parameters and measurement of the elasticity of factor substitution and bias of technical change. The publication takes a look at the identification of technical change in the electricity generating industry, factor substitution in electricity generation, and the effectiveness of rate-of-return regulation. Topics include statistical tests of regulatory effectiveness, profit function for a regulated firm, tests of the structure of technology, identification problems in the measurement of technical change, and measurement of disembodied technical change. The selection is a valuable source of information for economists and researchers interested in production economics.
Author: Susan M. Capalbo
Publisher: Routledge
ISBN: 1317375793
Category : Nature
Languages : en
Pages : 423
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Book Description
This book, first published in 1988, provides a comprehensive, integrated body of knowledge concerning agricultural productivity research, highlighting both its strengths and limitations. This book will be of value to scholars and research leaders for the knowledge it conveys of future productivity research, and will also be of interest to students of environmental studies.
Author: Magdalena Radulescu
Publisher: Frontiers Media SA
ISBN: 2832514154
Category : Science
Languages : en
Pages : 609
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Book Description
Author: Nabaz T Khayyat
Publisher: Springer
ISBN: 9401799539
Category : Technology & Engineering
Languages : en
Pages : 206
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Book Description
The book presents a stochastic analysis based on production risk and application of this method in the industrial sector under production risk where energy use is an input factor. Using South Korea as a case study, the book empirically models energy demand at the industrial level and analyzes the results to identify key determinants of energy demand, productions level, productions risk and energy usage efficiency. Particular attention is paid to the factors that enhance production risk or increase variations in energy input during production. A dynamic panel model is specified and applied to 25 Korean industrial sectors over the period 1970-2007. The determinants of energy usage are identified and their effects in the form of elasticities of energy usage are estimated. In addition the structural changes in the energy demand pattern are explored. Stochastic production technology is applied to create two primary models: A production model where the energy usage is a determinant of output and an energy demand model based on an inverted factor demand model where demand is a key determinant of the level of energy usage. The findings reveal that: First, there are large variations in the degree of overuse or inefficiency in energy usage among the individual industries and over time; second, ICT (information and communication technology) capital and labor are substituting energy; third, ICT capital and value added services are two input factors decreasing the variability of energy demand while non-ICT capital, material and labor are increasing the variability of energy demand. Finally, the results suggest that technical progress contributes more to the increase of mean of energy demand than to the reduction of the level of risk. An emerging recommendation is that industries increase the level of ICT capital and digitalization and invest more in R&D activities and value added services to reduce the uncertainty related to their demand for energy. This study forms the structure of the demand for energy under stochastic production risk for the South Korean industrial sector. Public research programs aimed at the industrial sector should be concerned about both mean and risk properties in research on new technologies and in the investigation of possible alternative energy inputs. This book describes the state of the art in energy usage analysis and production risk, applying factor requirement methodology. It will be of use as a main or supplementary text in the teaching of advanced graduate courses but also as a reference for those working on empirically advanced research. The book is an important addition to the existing literature on industrial development, with its focus on energy as a core production input.
Author: Subal C. Kumbhakar
Publisher: Cambridge University Press
ISBN: 1107029511
Category : Business & Economics
Languages : en
Pages : 375
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Book Description
This book provides practitioners with a step-by-step guide on how to conduct efficiency analysis using the stochastic frontier approach.
