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£104.84

World Scientific Publishing Company Production Economics: An Empirical Approach

Name: Production Economics: An Empirical Approach
Brand: World Scientific Publishing Company
Price: 104.84 GBP
Availability: InStock

Econometrics

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Description

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 problem 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.

Product Specifications

Brand: World Scientific Publishing Company
Format: hardcover
ASIN: 9811238863
Category: Books > Subjects > Business, Finance & Law > Economics > Econometrics
Domain: Amazon UK
Release Date: 28 February 2022
Listed Since: 12 June 2021

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World Scientific Publishing Company Production Economics: An Empirical Approach

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