A Mixed Input Demand System with Generalized Marginal Cost Shares: An Application to the Agricultural Sector in Greece

Panos Fousekis

Economia Internazionale / International Economics, 2005, vol. 58, issue 3, 307-326

Abstract: The paper develops a differential mixed system which accommodates in a theoretically consistent way both price-predetermined, quantity-dependent and quantity-predetermined, price-dependent input demand functions. In addition, it introduces generalized marginal cost shares obtaining, thus, a synthetic system which nests the well known Rotterdam and CBS parameterizations as special cases. The mixed input demand system is applied, for illustrative purposes, to Greek agriculture during 1961-2002.

Keywords: Input Demand; Mixed System (search for similar items in EconPapers)
JEL-codes: C30 D21 (search for similar items in EconPapers)
Date: 2005
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