an empirical approach Moss, Charles B. (Charles Britt) creator author. text bibliography nju New Jersey World Scientific 2022 monographic eng

print

xxix, 545 pages : illustrations ; 24 cm "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"-- Charles B. Moss, University of Florida, USA. Includes bibliographical references and index. Production (Economic theory) Economics Mathematical models HB241 .M677 2022 338.5 9789811238864 2021035838 MksU 210721 20250521094245.0 22144740 eng