Differential Models of Production

Charles Moss

Chapter 7 in Production Economics:An Empirical Approach, 2022, pp 427-485 from World Scientific Publishing Co. Pte. Ltd.

Abstract: Before turning to the detail of the differential models of production, consider a scenario where we want to estimate the elasticity of demand for a good. One approach would be to start by estimating a parametric specification of the derivative of the demand instead of the demand itself…

Keywords: Production Economics; Producer Behaviour; Econometrics; Primal Approach; Dual Approach; Differential Approach; Economic Efficiency (search for similar items in EconPapers)
JEL-codes: D2 D51 L11 L23 (search for similar items in EconPapers)
Date: 2022
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