Specification And Estimation Of Multiple Output Production Functions

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Specification and Estimation of Multiple-Output Production Functions

Author : G. Hasenkamp
Publisher : Springer Science & Business Media
ISBN 13 : 364245481X
Total Pages : 163 pages
Book Rating : 4.6/5 (424 download)

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Book Synopsis Specification and Estimation of Multiple-Output Production Functions by : G. Hasenkamp

Download or read book Specification and Estimation of Multiple-Output Production Functions written by G. Hasenkamp and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 163 pages. Available in PDF, EPUB and Kindle. Book excerpt: This monograph is intended as a contribution to applied work in production theory by treating: a) The measurement problems involved whenever several outputs are jointly produced, and b) The (possible) econometric framework for estimating production function parameters whenever (relative) prices vary sufficiently over the observations. Thus, the "pure" theory of production, and the theory of non-linear regression is not treated in sufficient detail: for these topics we refer to the available literature~ for a comprehensive list of references we refer to Uebe (1975). Some years ago, papers by L. J. Lau and W. E. Diewert initiated my interest in duality within production theory, and then I started to appreciate R. W. Shephard's fundamental contribution to this topic. This monograph is a (minor) revision of a Ph. D. dissertation submitted to the Department of Economics, The University of Wisconsin, Madison, in August 1973. The Graduate School and the Social Systems Research Institute provided funds for the reported computer work, Lawrence R. Klein and Laurits R. Christensen provided data, and as a Graduate Student I received financial support in form of an University Fellowship~ all this is very much appreciated. With some nostalgia I think back to the enjoyable period of learning during the preparation of my diFosertation~ I appreciate the spirit within the department, and the guidance of my committee Arthur S. Goldberger, Dennis J. Aigner, and Laurits R. Christensen.

Specification and Estimation of Multiple-output Production Functions

Author : Georg Hasenkamp
Publisher :
ISBN 13 :
Total Pages : 398 pages
Book Rating : 4.:/5 (89 download)

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Book Synopsis Specification and Estimation of Multiple-output Production Functions by : Georg Hasenkamp

Download or read book Specification and Estimation of Multiple-output Production Functions written by Georg Hasenkamp and published by . This book was released on 1973 with total page 398 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Specifications and Estimation of Multiple Output Production Functions

Author : Georg Hasenkamp
Publisher :
ISBN 13 :
Total Pages : 551 pages
Book Rating : 4.:/5 (859 download)

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Book Synopsis Specifications and Estimation of Multiple Output Production Functions by : Georg Hasenkamp

Download or read book Specifications and Estimation of Multiple Output Production Functions written by Georg Hasenkamp and published by . This book was released on 1976 with total page 551 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Specificationand estimation of multiple-output production functions

Author : Georg Hasenkamp
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (764 download)

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Book Synopsis Specificationand estimation of multiple-output production functions by : Georg Hasenkamp

Download or read book Specificationand estimation of multiple-output production functions written by Georg Hasenkamp and published by . This book was released on 1976 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Specification and estimation of multipleoutput production functions

Author : Georg Hasenkamp
Publisher :
ISBN 13 :
Total Pages : 151 pages
Book Rating : 4.:/5 (468 download)

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Book Synopsis Specification and estimation of multipleoutput production functions by : Georg Hasenkamp

Download or read book Specification and estimation of multipleoutput production functions written by Georg Hasenkamp and published by . This book was released on 1976 with total page 151 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Specification and Estimation of Multiple Output Producion Functions

Author : Georg Hasenkamp
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (61 download)

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Book Synopsis Specification and Estimation of Multiple Output Producion Functions by : Georg Hasenkamp

Download or read book Specification and Estimation of Multiple Output Producion Functions written by Georg Hasenkamp and published by . This book was released on 1976 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Production and Cost Functions

Author : Erkin Bairam
Publisher : Routledge
ISBN 13 : 1351768905
Total Pages : 181 pages
Book Rating : 4.3/5 (517 download)

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Book Synopsis Production and Cost Functions by : Erkin Bairam

Download or read book Production and Cost Functions written by Erkin Bairam and published by Routledge. This book was released on 2018-04-27 with total page 181 pages. Available in PDF, EPUB and Kindle. Book excerpt: This title was first published in 2001. The objective of this book is to discuss specification and applications of new production, cost and profit functions. It is aimed at specialists in production, economic growth, costs, profits and applied econometrics in particular.

Multiple-Output Production Function, A Review

Author : Rolf Faere
Publisher :
ISBN 13 :
Total Pages : 8 pages
Book Rating : 4.:/5 (227 download)

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Book Synopsis Multiple-Output Production Function, A Review by : Rolf Faere

Download or read book Multiple-Output Production Function, A Review written by Rolf Faere and published by . This book was released on 1976 with total page 8 pages. Available in PDF, EPUB and Kindle. Book excerpt: A review is presented on the theory and econometrics of multiple-output production functions.

Production Economics: An Empirical Approach

Author : Charles Britt Moss
Publisher : World Scientific
ISBN 13 : 9811241279
Total Pages : 576 pages
Book Rating : 4.8/5 (112 download)

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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.

Micro-production Functions Aren't Pretty

Author : Casey Ichniowski
Publisher :
ISBN 13 :
Total Pages : 60 pages
Book Rating : 4.0/5 ( download)

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Book Synopsis Micro-production Functions Aren't Pretty by : Casey Ichniowski

Download or read book Micro-production Functions Aren't Pretty written by Casey Ichniowski and published by . This book was released on 1984 with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study documents extreme variations in productivity within a panel of eleven firms in the same narrowly defined industry classification. Many of the sources of this variation were identified in field investigations of each plant. These investigations in turn allowed for the development of detailed specifications for inputs and outputs using data collected from the sites. The empirical estimates show that, irrespective of the precise functional form adopted, these detailed specifications, particularly those for output heterogeneity, are critical determinants of the performance of plant-level production functions. When the most detailed input and output specifications are used, 95% of the observed variation in plant production is explained. However, when the eleven firms are treated as an industry, less detailed specifications for inputs and outputs are shown to be more appropriate for explaining the variation in industry production.

Organizations: Multiple Agents with Multiple Criteria

Author : J.N. Morse
Publisher : Springer Science & Business Media
ISBN 13 : 3642455271
Total Pages : 519 pages
Book Rating : 4.6/5 (424 download)

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Book Synopsis Organizations: Multiple Agents with Multiple Criteria by : J.N. Morse

Download or read book Organizations: Multiple Agents with Multiple Criteria written by J.N. Morse and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 519 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Fourth International MCDM Conference follows a tradition that began with an exploratory gathering at the University of South Carolina in 1973. The First International Conference was held in Jouy-en-Josas in 1975. The second and third were held in Buffalo (1977) and KOnigswinter (1979). We are grateful to the Office of Naval Research for years of advice and funding, and to Springer-Verlag for providing a widely dispersed series of proceedings volumes. In the case of the Delaware Conference we gratefully acknowledge new support from the corporate sector, coordinated by the University of Delaware's Development Office. Now that I have attended to the formal recognitions, I wish to place my recollection of the human side of the conference into the record. This is justi fiable because multiple criteria problem solving has been nurtured by a close-knit group of people whose interactions are not fully captured by the standard journal format. This was the conference in which an animated discussion between Dave,Bell and Paul Schoemaker caused Mathilde Stephenson to stand up and say, "Don't stop it; this is the best part of the conference. " Another sort of moment occurred when Lucas Pun was asked to explain a certain Chinese character in one of his transpar encies. He replied, "No alcohol allowed. " From Erick Duesing, speaking with an historical perspective, we had the insight that multiple criteria methods lan guished because "McCarthyism had made planning suspect.

Multiple Attribute Decision Making

Author : Ching-Lai Hwang
Publisher : Springer Science & Business Media
ISBN 13 : 3642483186
Total Pages : 274 pages
Book Rating : 4.6/5 (424 download)

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Book Synopsis Multiple Attribute Decision Making by : Ching-Lai Hwang

Download or read book Multiple Attribute Decision Making written by Ching-Lai Hwang and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 274 pages. Available in PDF, EPUB and Kindle. Book excerpt: This mono graph is intended for an advanced undergraduate or graduate course as weIl as for the researchers who want a compilation of developments in this rapidly growing field of operations research. This is a sequel to our previous work entitled "Multiple Objective Decision Making--Methods and Applications: A State-of-the-Art Survey," (No. 164 of the Lecture Notes). The literature on methods and applications of Multiple Attribute Decision Making (MADM) has been reviewed and classified systematically. This study provides readers with a capsule look into the existing methods, their char acteristics, and applicability to analysis of MADM problems. The basic MADM concepts are defined and a standard notation is introduced in Part 11. Also introduced are foundations such as models for MADM, trans formation of attributes, fuzzy decision rules, and methods for assessing weight. A system of classifying seventeen major MADM methods is presented. These methods have been proposed by researchers in diversified disciplines; half of them are classical ones, but the other half have appeared recently. The basic concept, the computational procedure, and the characteristics of each of these methods are presented concisely in Part 111. The computational procedure of each method is illustrated by solving a simple numerical example. Part IV of the survey deals with the applications of these MADM methods.

Information Structures in Economics

Author : M. Nermuth
Publisher : Springer Science & Business Media
ISBN 13 : 3642464475
Total Pages : 246 pages
Book Rating : 4.6/5 (424 download)

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Book Synopsis Information Structures in Economics by : M. Nermuth

Download or read book Information Structures in Economics written by M. Nermuth and published by Springer Science & Business Media. This book was released on 2013-03-13 with total page 246 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is intended as a contribution to the theory of markets with imperfect information. The subject being nearly limitless, only certain selected topics are discussed. These are outlined in the Introduction (Ch. 0). The remainder of the book is divided into three parts. All results of economic significance are contained in Parts II & III. Part I introduces the main tools for the analysis, in particular the concept of an information structure. Although most of the material presented in Part I is not original, it is hoped that the detailed and self-contained exposition will help the reader to understand not only the following pages, but also the existing technical and variegated literature on markets with imperfect information. The mathematical prerequisites needed, but not explained in the text rarely go beyond elementary calculus and probability theory. Whenever more advanced concepts are used, I have made an effort to give an intuitive explanation as well, so that the argument can also be followed on a non-technical level (cf. e.g. the treatment of the "generic" viewpoint in Ch. 9). In the same spirit, discussion of mathematical assumptions is limited to those which have economic sig- ficance, whereas purely "technical" assumptions (like differentiability or integrability of certain functions) are usually made without comment whenever convenient. The logical interdependence of chapters is as follows: Ch. 3 . Ch. 1 /~I--=---- Ch. 4 Ch. 2 Ch. 8 ~I -=--- /"'-.... Ch.

Stochastic Frontier Analysis

Author : Subal C. Kumbhakar
Publisher : Cambridge University Press
ISBN 13 : 1107717302
Total Pages : 348 pages
Book Rating : 4.1/5 (77 download)

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Book Synopsis Stochastic Frontier Analysis by : Subal C. Kumbhakar

Download or read book Stochastic Frontier Analysis written by Subal C. Kumbhakar and published by Cambridge University Press. This book was released on 2003-03-10 with total page 348 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Effectiveness, Quality and Efficiency: A Management Oriented Approach

Author : Ephraim F. Sudit
Publisher : Springer Science & Business Media
ISBN 13 : 9400918283
Total Pages : 123 pages
Book Rating : 4.4/5 (9 download)

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Book Synopsis Effectiveness, Quality and Efficiency: A Management Oriented Approach by : Ephraim F. Sudit

Download or read book Effectiveness, Quality and Efficiency: A Management Oriented Approach written by Ephraim F. Sudit and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 123 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is a management oriented book about efficiency, quality and effectiveness designed for an audience of management practitioners, scholars, and students. The integrative approach developed in this book contains new ideas regarding quality and efficiency-based effective management. These ideas lend themselves to managerial applications. This work is not meant to provide an exhaustive account of the measurement, and applications of effectiveness, quality, and efficiency concepts. With the exception of the treatment of conventional productivity concepts and measurements in Chapter 2, and of production flexibility in Chapter 5, the discussion in this book is largely non-teclmical. Among management practitioners, the book may be of particular interest to managers with broad strategic orientations in the fields of production management, quality management, marketing, and management of human resources. The academic audience is likely to include scholars and students interested in strategic planning, applied productivity analysis, quality management, marketing management, and management of human resources. The book could also be used as a supplementary text to or part of the readings in basic and advanced courses in strategic management, production management, and quality management. Concepts and dimensions of efficiency, quality, and effectiveness, as used throughout this book, are introduced in Chapter 1. The intricate sets of relationships among effectiveness, quality, and efficiency are explored.

Extremal Methods and Systems Analysis

Author : A. V. Fiacco
Publisher : Springer Science & Business Media
ISBN 13 : 3642464149
Total Pages : 554 pages
Book Rating : 4.6/5 (424 download)

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Book Synopsis Extremal Methods and Systems Analysis by : A. V. Fiacco

Download or read book Extremal Methods and Systems Analysis written by A. V. Fiacco and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 554 pages. Available in PDF, EPUB and Kindle. Book excerpt: The papers appearing in this Volume were selected from a collec tion of papers presented at the Internationa~ Symposium on Extrema~ Methods and Systems Ana~ysis on the Occasion of Professor A. Charnes' 60th Birthday, at the University of Texas in Austin, 13-15 September 1977. As coeditors, we have followed the normal editorial procedures of scholarly journals. We have obtained invaluable assistance from a number of colleagues who essentially performed the duties of associate editors, coordinating most of the reviews. All papers except those appearing in the Historica~ Perspectives section were refereed by at least two individuals with competency in the respective area. Because of the wide range and diversity of the topics, it would have been im possible for us to make a consistently rational selection of papers without the help of the associate editors and referees. We are indeed grateful to them. The breadth of extremal methods and systems analysis, suggested by the range of topics covered in these papers, is characteristic of the field and also of the scholarly work of Professor Charnes. Extre mal methods and systems analysis has been a pioneering and systematic approach to the development and application of new scientific theories and methods for problems of management and operations in both the pri vate and public sectors, spanning all major disciplines from economics to engineering.

Utility Benchmarking and Regulation in Developing Countries

Author : Silver Mugisha
Publisher : IWA Publishing
ISBN 13 : 1843392577
Total Pages : 211 pages
Book Rating : 4.8/5 (433 download)

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Book Synopsis Utility Benchmarking and Regulation in Developing Countries by : Silver Mugisha

Download or read book Utility Benchmarking and Regulation in Developing Countries written by Silver Mugisha and published by IWA Publishing. This book was released on 2011-05-14 with total page 211 pages. Available in PDF, EPUB and Kindle. Book excerpt: Utility performance, especially in developing countries is still working toward the standard necessary to deliver best practice. Utility Benchmarking and Regulation in Developing Countries examines performance monitoring and regulation as a prominent efficiency enhancement tool and clarifies many of the unknowns regarding the design and approach surrounding the area of utility management. Principles and practices are linked in a way that is informative and accessible, highlighting the challenges facing those who are trying to improve performance in the water sector. Operational settings are complex and unpredictable in developing countries due to inadequate infrastructure planning and this book makes clear which systems work best in these situations. Utility Benchmarking and Regulation in Developing Countries discusses performance monitoring in the critical areas of utility management that achieve sustainable performance goals: Performance development planning Modes of performance monitoring Provocative approaches to incentives creation Monitoring through high incentive plans Customer relations monitoring Pro-poor oriented monitoring Careful use of partial performance indicators Proposed indicators for assessing governance incentives A case study on the National Water and Sewerage Corporation, Uganda is included in the book detailing the difficulties in discerning performance progress based on partial performance indicators. It underlines disparities in basing performance conclusions on partial performance indicators on one hand and aggregate analysis using modern benchmarking toolkits on the other. This is an excellent handbook for utility monitors or regulators whose primary duty is to oversee performance management. It is a valuable resource for decision-makers, analysts, and policy-makers and can be used in capacity-building programs (both in-house and in universities) around the world.