eBook - PDF

Production Economics: A Dual Approach to Theory and Applications

Name: Production Economics: A Dual Approach to Theory and Applications
ISBN: 9781483259031

Applications of the Theory of Production

Melvyn Fuss,

Daniel McFadden,

360 pages
English
PDF
Available on iOS & Android

eBook - PDF

Production Economics: A Dual Approach to Theory and Applications

Applications of the Theory of Production

Melvyn Fuss,

Daniel McFadden,

About this book

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.

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Yes, you can access Production Economics: A Dual Approach to Theory and Applications by Melvyn Fuss,Daniel McFadden in PDF and/or ePUB format, as well as other popular books in Business & Business General. We have over one million books available in our catalogue for you to explore.