01971cam a2200301 i 4500 22144740 20250521094245.0 210721s2022 njua b 001 0 eng 2021035838 9789811238864 9789811241260 9789811241277 MksU eng rda DLC DLC pcc HB241 .M677 2022 338.5 23 Moss, Charles B. (Charles Britt) author. Production economics : an empirical approach / Charles B. Moss, University of Florida, USA. New Jersey : World Scientific, 2022 xxix, 545 pages : illustrations ; 24 cm Includes bibliographical references and index. "Production economics is that branch of microeconomics that examines producer decisions. This book focuses on the empirical estimation of these relationships using primal, dual, and differential specifications. The primal specification models production decisions based on the production function - estimation of the input/output relationship and the derivation of optimization behavior from this technical relationship. The dual approach estimates production decisions using economic information such as input and output prices. The textbook then develops the linkages between these relationships. The differential problem is an alternative approach derived from changes in the first-order conditions from cost minimizing behavior. In each case, the theoretical development is followed by different empirical specifications that can be used to estimate the producer's choice"-- Production (Economic theory) Economics Mathematical models. 7 cbc orignew 1 ecip 20 y-gencatlg lcc BOOKS HB241 .M677 2022 32247 32247 0 0 lcc 0 0 MUC MUC GEN 2025-05-02 Purchase- Urban book centre 22175.00 HB241 .M677 2022 40166 2025-05-23 2025-05-21 BOOKS