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Fonctions de production et biais d'agrégation

Nicole M. Fortin

Annals of Economics and Statistics, 1991, issue 20-21, 41-68

Abstract: This paper considers the aggregation of production functions within a stochastic framework where both the technological parameters and the factor inputs are thought to be probabilistically distributed across firms. The corresponding "true" aggregate production function expressed in moments form is compared with the macro function of choice. This comparison either yields an aggregation bias in total output, if the macro function is fully specified, or allows the relation between exact aggregation macro parameters and their micro foundations to be established, if not.

Date: 1991
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