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Common Specification Problems Encountered in Production
CHOOSING A FLEXIBLE FUNCTIONAL FORM
ERRORS IN VARIABLES
16 other sections not shown
0.000 CONDITION NUMBER AES Estimates AES13 AES23 ACTUAL Allen own partial ALLEN PARTIAL ELASTICITIES behavioral assumptions Chapter cost and production cost function cost minimization COST SYS cost system estimates covariance CSHR SYS CTHR CTWO Dairy Processing Industry Divisia index dynamic cost ELASTICITIES OF SUBSTITUTION errors in variable FACTOR SHARES MARGINAL fixed factors flexible form FOUR SYS MAD Fourier series labor Laurent series maintained hypothesis MARGINAL PRODUCTS RETURNS maximum likelihood monte carlo experiments order Translog cost output point of expansion PROD SYS production and cost production characteristics production function profit maximization PSHR PTHR SYS quasi-fixed region of convergence RESULTS FOR TECHNOLOGY returns to scale run equilibrium second order Translog share equations SHARES MARGINAL PRODUCTS SHR1 SHR2 SHR3 singularities specification SRE models SRE production model standard errors STAT 0.000 CONDITION static model SUBSTITUTION AES11 AES22 SUMMARY RESULTS SYS MAD STAT Table Taylor series Taylor series expansions TECH third order Translog variable cost vector