Econometrics: Econometric modeling of producer behavior, Volume 1

Front Cover

New methodology for econometricians, based on the dual formulation of the theory of production in terms of prices.

The objectives of econometric modeling of producer behavior are to determine the nature of substitution among inputs and outputs and of differences in technology, as well as the role of economies of scale in production. Recent advances in methodology, based on the dual formulation of the theory of production in terms of prices, have enabled econometricians to achieve these objectives more effectively. This volume summarizes the economic theory, the econometric methodology, and the empirical findings resulting from the new approach.

 

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Contents

Empirical Studies of Depreciation
73
An Economic Theory of Agricultural Household Behavior
97
Transcendental Logarithmic Production Frontiers
125
The Duality of Technology and Economic Behavior
159
Duality and Differentiability in Production
189
Efficient Estimation of Nonlinear Simultaneous Equations
209
Tests of a Model of Production for the Federal Republic
241
Nonjointness
267
Statistical Inference for a System of Simultaneous
311
Relative Prices and Technical Change
341
Relative Price Changes and Biases of Technical Change
373
The Role of Energy in Productivity Growth
403
Bilateral Models of Production for Japanese and U
457
References
489
Index
527
Copyright

The Structure of Technology and Changes of Technology
291

Common terms and phrases

About the author (2000)

Dale W. Jorgenson is Samuel W. Morris University Professor at Harvard University. He is the author of 24 books on economics, including Productivity volumes 1 and 2 (MIT Press, 1995). His collected papers have been published in ten volumes by the MIT Press, starting in 1995.