UID:
edocfu_9958129164502883
Umfang:
1 online resource (361 p.)
ISBN:
1-4832-5903-X
Serie:
Contributions to Economic Analysis ; v.2
Inhalt:
Production Economics: A Dual Approach to Theory and Applications
Anmerkung:
Description based upon print version of record.
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Front Cover; Applications of the Theory of Production; Copyright Page; INTRODUCTION TO THE SERIES; PREFACE; Table of Contents; INTRODUCTION; Part III: An Analysis of the Conceptof Real Value-Added; Chapter III.1. DUALITY, INTERMEDIATE INPUTS AND VALUE-ADDED; 1. Introduction; 2. Duality and Value-Added; 3. Value-Added in Constant Prices; 4. The Measurement of Total Productivity; 5. Introducing Imperfect Competition; 6. Conclusions; Chapter III.2. HICKS' AGGREGATION THEOREM AND THE EXISTENCE OF A REAL VALUE-ADDED FUNCTION; 1. Introduction; 2. Hicks' Aggregation Theorem in the Consumer Context
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3. Duality between Direct and Conditional Indirect Utility Functions4. Hicks' Aggregation Theorem in the Producer Context; 5. The Duality between Value-Added ""Production"" and Cost Functions; 6. Concluding Remarks; 7. Proofs of Theorems; Chapter III.3. HOMOTHETICITY AND REAL VALUE-ADDED IN CANADIAN MANUFACTURING; 1. Introduction; 2. Real Value-Added and the Production Structure; 3. The Approximate Translog Cost Function; 4. Homotheticity and Homogeneity; 5. The Canadian Manufacturing Data; 6. The Estimation of the Production Structure; 7. An Alternative Real Value-Added Formulation
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8. Weak Homotheticity9. Double Deflation and Real Value-Added; 10. Conclusion; Part IV: Empirical Applications of Production Theory: Microeconomic Data; Chapter IV. 1. ESTIMATION TECHNIQUES FOR THE ELASTICITY OFSUBSTITUTION AND OTHER PRODUCTION PARAMETERS; 1. Introduction; 2. Cost Functions; 3. The Elasticity of Substitution; 4. The Specification of the ACMS Model; 5. Properties of the Elasticity of Substitution; 6. An Econometric Model of the Electricity Generation Industry; Chapter IV.2. MEASUREMENT OF THE ELASTICITY OF FACTOR SUBSTITUTION AND BIAS OF TECHNICAL CHANGE; 1. Introduction
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3. Growth Equations4. Production Relations; 5. A Non-Identification Theorem; 6. Necessary Conditions for Factor Augmenting Technical Change; 7. Sufficient Conditions for Factor Augmenting Technical Change; 8. Identification for Capital Augmentation; 9. Identification for Finite Parameter Families of Augmentation Functions; 10. Extensions and Conclusions; 11. Appendix: Generalization to Non-Constant Returns; Chapter IV.3. THE IDENTIFICATION OF TECHNICAL CHANGE IN THE ELECTRICITY GENERATING INDUSTRY; 1. Introduction; 2. Notation; 3. Identification Problems in the Measurement of Technical Change
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4. The Industry and the Data5. The Measurement of Disembodied Technical Change; 6. The Measurement of Embodied Technical Change; 7. The Measurement of Total Technical Change; 8. The Bias of Technical Change; 9. Concluding Remarks; Chapter IV.4. FACTOR SUBSTITUTION IN ELECTRICITY GENERATION: A TEST OF THE PUTTY-CLAY HYPOTHESIS; 1. Introduction; 2. The Basic Model; 3. The Model Applied to Electricity Generation; 4. Tests of the Structure of Technology; 5. Estimation of the Putty-Clay Model; 6. Conclusion; 7. Appendixes
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Chapter IV.5. THE EFFECTIVENESS OF RATE-OF-RETURN REGULATION: AN EMPIRICAL TEST USING PROFIT FUNCTIONS
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English
Weitere Ausg.:
ISBN 1-322-47119-3
Weitere Ausg.:
ISBN 0-444-85013-9
Sprache:
Englisch
