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Production Economics An Empirical Approach
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Book Synopsis Production Economics: An Empirical Approach by : Charles Britt Moss
Download or read book Production Economics: An Empirical Approach written by Charles Britt Moss and published by World Scientific. This book was released on 2022-02-25 with total page 576 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Book Synopsis Production Economics by : Chauncey T. K. Ching
Download or read book Production Economics written by Chauncey T. K. Ching and published by Transaction Publishers. This book was released on 1985-01-01 with total page 422 pages. Available in PDF, EPUB and Kindle. Book excerpt: By combining information from microeconomics, mathematics, production functions, and temporal and spatial related production analyses, this book provides a variety of essential information to agricultural economics, economics, and business students. Empirical application of production theory and technique is presented at great length; actual data collected from various agricultural enterprises and experiments are used for production function analyses; and methodological and statistical problems commonly encountered in empirical research are carefully addressed. This book fulfills two great needs in the agricultural economics profession: a textbook suitable for senior-level and graduate students that develops and illustrates how calculus and linear algebra can be used in understanding production economics; and for a scholarly work that illustrates empirical applications and results of production function analyses and production theory.
Book Synopsis Production Economics by : Melvyn A. Fuss
Download or read book Production Economics written by Melvyn A. Fuss and published by . This book was released on 1978 with total page 368 pages. Available in PDF, EPUB and Kindle. Book excerpt: Duality of production, cost, and profit functions; Functional forms in production theory; An analysis of the concept of real value-added; Empirical applications of production theory: micro-economic data; Empirical applications of production theory: macroeconomic data.
Book Synopsis Production Economics: A Dual Approach to Theory and Applications by : Melvyn Fuss
Download or read book Production Economics: A Dual Approach to Theory and Applications written by Melvyn Fuss and published by Elsevier. This book was released on 2014-06-28 with total page 361 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Book Synopsis The Theory and Empirical Analysis of Production by : Murray Brown
Download or read book The Theory and Empirical Analysis of Production written by Murray Brown and published by New York : National Bureau of Economic Research. This book was released on 1967 with total page 534 pages. Available in PDF, EPUB and Kindle. Book excerpt: Proceedings of a conference held in Oct. 1965 at the Carnegie International Center in New York. Includes bibliographies.
Book Synopsis Essays on the Theory of Production by : Thomas Fredholm
Download or read book Essays on the Theory of Production written by Thomas Fredholm and published by . This book was released on 2009 with total page 181 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Handbook of Production Economics by : Subhash C. Ray
Download or read book Handbook of Production Economics written by Subhash C. Ray and published by Springer Nature. This book was released on 2022-06-02 with total page 1797 pages. Available in PDF, EPUB and Kindle. Book excerpt: This three-volume handbook includes state-of-the-art surveys in different areas of neoclassical production economics. Volumes 1 and 2 cover theoretical and methodological issues only. Volume 3 includes surveys of empirical applications in different areas like manufacturing, agriculture, banking, energy and environment, and so forth.
Book Synopsis Production Economics by : Svend Rasmussen
Download or read book Production Economics written by Svend Rasmussen and published by Springer Science & Business Media. This book was released on 2012-08-04 with total page 296 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book covers the basic theory of how, what and when firms should produce to maximise profits. Based on the neoclassical theory of the firm presented in most general microeconomic textbooks, it extends the general treatment and focuses on the application of the theory to specific problems that the firm faces when making production decisions to maximise profits. Increasing level of government regulation and the use of specialised and often very expensive equipment in modern production motivates the following focus areas: 1) How to optimise production under restrictions., 2) Treatment of fixed inputs and the process of input fixation, 3) Optimisation of production over time, 4) Linear and Mixed Integer Programming as tools for optimisation in practice. This updated second edition includes a more comprehensive introduction to the theory of decision making under risk and uncertainty as well as a new chapter on how to use linear programming to generate the supply function of the firm.
Book Synopsis Applied Production Analysis by : Robert G. Chambers
Download or read book Applied Production Analysis written by Robert G. Chambers and published by Cambridge University Press. This book was released on 1988-07-29 with total page 352 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book contains a modern treatment of production economics from a dual perspective, with special emphasis on recent developments. Results that were scattered throughout professional journals and monographs are now gathered into an integrated approach using a common notation. The book prepares the reader to apply the tools of the dual approach to real world problems and data sets. Particular care has been devoted to choosing topics for discussion that achieve this goal. Throughout the book there are worked examples and exercises, which are geared toward developing the reader's facility in using modern developments in production economics. Separate chapters are devoted to production, cost, and profit functions. Other topics include flexible functional forms, aggregation across inputs and outputs using the theory of separable structures, aggregation over economic optimizing firms, the representation of multioutput technologies, and the analysis and measurement of technical change from both a primal and a dual perspective.
Book Synopsis Progress through Regression by : Jeff E. Biddle
Download or read book Progress through Regression written by Jeff E. Biddle and published by Cambridge University Press. This book was released on 2020-11-12 with total page 349 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Cobb-Douglas regression, a statistical technique developed to estimate what economists called a 'production function', was introduced in the late 1920s. For several years, only economist Paul Douglas and a few collaborators used the technique, while vigorously defending it against numerous critics. By the 1950s, however, several economists beyond Douglas's circle were using the technique, and by the 1970s, Douglas's regression, and more sophisticated procedures inspired by it, had become standard parts of the empirical economist's toolkit. This volume is the story of the Cobb-Douglas regression from its introduction to its acceptance as general-purpose research tool. The story intersects with the histories of several important empirical research programs in twentieth century economics, and vividly portrays the challenges of empirical economic research during that era. Fundamentally, this work represents a case study of how a controversial, innovative research tool comes to be widely accepted by a community of scholars.
Book Synopsis Empirical Production Analysis and Optimal Technological Choice for Economists by : Judy A. Whitehead
Download or read book Empirical Production Analysis and Optimal Technological Choice for Economists written by Judy A. Whitehead and published by Ashgate Publishing. This book was released on 1990 with total page 350 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Production Economics written by and published by . This book was released on 2004 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Economics, Information Systems, and Electronic Commerce: Empirical Research by : Robert J. Kauffman
Download or read book Economics, Information Systems, and Electronic Commerce: Empirical Research written by Robert J. Kauffman and published by Routledge. This book was released on 2014-12-18 with total page 337 pages. Available in PDF, EPUB and Kindle. Book excerpt: The methods and thinking of economics permeate a large part of the IS discipline. Reciprocally, newly emerging research methods relying on the IT-enabled treatment of massive data aggregates feed economic research. As new and radical forms of IT innovation continue to energize electronic commerce, IS researchers face a daunting task in using existing empirical methods and tools to understand the threats, opportunities, risks, and rewards of these new techniques. This groundbreaking volume leads the way. It introduces new methodological approaches to data analysis as well as new techniques for collecting and cataloging transactional data. The ideas it presents have broad appeal and demonstrate what is possible when new techniques and new ways of thinking are brought to bear on complex research problems.
Book Synopsis Production and Efficiency Analysis with R by : Andreas Behr
Download or read book Production and Efficiency Analysis with R written by Andreas Behr and published by . This book was released on 2015 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This textbook introduces essential topics and techniques in production and efficiency analysis and shows how to apply these methods using the statistical software R. Numerous small simulations lead to a deeper understanding of random processes assumed in the models and of the behavior of estimation techniques. Step-by-step programming provides an understanding of advanced approaches such as stochastic frontier analysis and stochastic data envelopment analysis. The text is intended for master students interested in empirical production and efficiency analysis. Readers are assumed to have a general background in production economics and econometrics, typically taught in introductory microeconomics and econometrics courses.
Book Synopsis Empirical Methods in International Trade by : Mordechai Elihau Kreinin
Download or read book Empirical Methods in International Trade written by Mordechai Elihau Kreinin and published by Edward Elgar Publishing. This book was released on 2004-01-01 with total page 280 pages. Available in PDF, EPUB and Kindle. Book excerpt: Internationalization of the world economy has made trade a key factor in the growth potential of nearly every economy. Hence, economists have become increasingly interested in the determinants of international trade and competitiveness. Empirical Models i
Book Synopsis Efficiency Analysis by Production Frontiers by : Jati Sengupta
Download or read book Efficiency Analysis by Production Frontiers written by Jati Sengupta and published by Springer Science & Business Media. This book was released on 1988-12-31 with total page 274 pages. Available in PDF, EPUB and Kindle. Book excerpt: Measuring productive efficiency for nonprofit organizations has posed a great challenge to applied researchers today. The problem has many facets and diverse implications for a number of disciplines such as economics, applied statistics, management science and information theory. This monograph discusses four major areas, which emphasize the applied economic and econometric as. pects of the production frontier analysis: A. Stochastic frontier theory, B. Data envelopment analysis, C. Clustering and estimation theory, D. Economic and managerial applications Besides containing an up-to-date survey of the mos. t recent developments in the field, the monograph presents several new results and theorems from my own research. These include but are not limited to the following: (1) interface with parametric theory, (2) minimax and robust concepts of production frontier, (3) game-theoretic extension of the Farrell and Johansen models, (4) optimal clustering techniques for data envelopment analysis and (5) the dynamic and stochastic generalizations of the efficiency frontier at the micro and macro levels. In my research work in this field I have received great support and inspiration from Professor Abraham Charnes of the University of Texas at Austin, who has basically founded the technique of data envelopment analysis, developed it and is still expanding it. My interactions with him have been most fruitful and productive. I am deeply grateful to him. Finally, I must record my deep appreciation to my wife and two children for their loving and enduring support. But for their support this work would not have been completed.
Book Synopsis Topics in Empirical International Economics by : Magnus Blomstrom
Download or read book Topics in Empirical International Economics written by Magnus Blomstrom and published by University of Chicago Press. This book was released on 2009-02-15 with total page 283 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this timely volume emanating from the National Bureau of Economic Research's program in international economics, leading economists address recent developments in three important areas. The first section of the book focuses on international comparisons of output and prices, and includes papers that present new measures of product market integration, new methodology to infer relative factor price changes from quantitative data, and an ongoing capital stock measurement project. The next section features articles on international trade, including such significant issues as deterring child labor exploitation in developing countries, exchange rate regimes, and mapping U. S. comparative advantage across various factors. The book concludes with research on multinational corporations and includes a discussion of the long-debated issue of whether growth of production abroad substitutes for or is complementary to production growth at home. The papers in the volume are dedicated to Robert E. Lipsey, who for more than a half century at the NBER, contributed significantly to the broad field of empirical international economics.
