Location of Repository

Certezze e novità in economia della produzione

By Quirino Paris

Abstract

<em>Certainties and Novelties in Production Economics</em> - Michele De Benedictis has for some time taken an interest in behavioral models for agricultural entrepreneurs. Often, such models are specified by means of a production function and a cost function with the associated derived demands for inputs. In order to make such models operational in a given empirical setting, the approach in the traditional literature has been to estimate either the production function and the associated first order conditions or the system of derived demand functions for inputs. This paper proposes an encompassing approach which consists in the joint estimation of the production function and the associated first order conditions and the system of derived demand functions. Empirical verification lends support to the hypothesis that full utilization of the available information requires a primal-dual approach, as presented in this paper. <br/><br/>EconLit Classification: C600, D210 <br/><br/>Keywords: Production Function, Cost Function, Primal-Dual Method, Joint Estimation <br/><br/>Parole chiave: Funzione di produzione, Funzione di costo, Metodo primario-duale, Stima congiunta

DOI identifier: 10.3280/qu2009-003001
OAI identifier: oai:RePEc:fan:quququ:v:html10.3280/qu2009-003001
Download PDF:
Sorry, we are unable to provide the full text but you may find it at the following location(s):
  • http://www.francoangeli.it/riv... (external link)
  • Suggested articles


    To submit an update or takedown request for this paper, please submit an Update/Correction/Removal Request.