The Generalized Power Production Function

Alain de Janvry ()

American Journal of Agricultural Economics, 1972, vol. 54, issue 2, 234-237

Abstract: The generalized power production function includes as special cases the Cobb-Douglas, the Transcendental, and the Cobb-Douglas with variable returns to scale. It can be estimated by ordinary least squares without simultaneous equation bias under the behavioral assumption of maximization of expected profits.

Date: 1972
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