Estimation of a Supply Function

Carlos Merino Troncoso

MPRA Paper from University Library of Munich, Germany

Abstract: In this chapter I provide a brief introduction of the production and supply function. The theoretical neoclassical model, has limited capacity to explain data. Recent structural econometric techniques provide better estimation results and are able to explain entry, exit and investment decisions of firms.

Keywords: Production function; productivity; returns of scale; subadditivity; efficiency (search for similar items in EconPapers)
JEL-codes: L00 L40 (search for similar items in EconPapers)
Date: 2021-04-04
New Economics Papers: this item is included in nep-eff
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