Estimation of the Cobb-Douglas with zero input levels: bootstrapping and substitution
Charles Moss
Applied Economics Letters, 2000, vol. 7, issue 10, 677-679
Abstract:
New informational technologies have led to a rebirth of interest in primal production functions. This study revisits the vexing question of the estimation of the Cobb-Douglas production function given zero input levels for some observations. A resampling technique is proposed that produces a sample with nonzero input levels. The results of the resampling technique are then compared with the substitution results using informational measures of the implied cost shares.
Date: 2000
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Persistent link: https://EconPapers.repec.org/RePEc:taf:apeclt:v:7:y:2000:i:10:p:677-679
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DOI: 10.1080/135048500416012
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