Author: Murray Brown
Publisher: New York : National Bureau of Economic Research
Published: 1967
Total Pages: 534
ISBN-13:
DOWNLOAD EBOOK →Proceedings of a conference held in Oct. 1965 at the Carnegie International Center in New York. Includes bibliographies.
Author: Derek L. Bosworth
Publisher: Farborough, Eng. : Saxon House
Published: 1976
Total Pages: 180
ISBN-13:
DOWNLOAD EBOOK →The johansen schema; An integrated system of production: comments and criticisms; The ex ante function; The ex ante function and the ex post micro function; Aggregate putty-clay functions; Agtregate neoclassical production functions; Neoclassical production functions: fact or fantasy? Production functions - some conclusions.
Author: Charles Britt Moss
Publisher: World Scientific
Published: 2022-02-25
Total Pages: 576
ISBN-13: 9811241279
DOWNLOAD EBOOK →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 specification 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.
Author: Gary S. Becker
Publisher:
Published: 2009
Total Pages: 0
ISBN-13:
DOWNLOAD EBOOK →A diverse array of factors may influence both earnings and consumption; however, this work primarily focuses on the impact of investments in human capital upon an individual's potential earnings and psychic income. For this study, investments in human capital include such factors as educational level, on-the-job skills training, health care, migration, and consideration of issues regarding regional prices and income. Taking into account varying cultures and political regimes, the research indicates that economic earnings tend to be positively correlated to education and skill level. Additionally, studies indicate an inverse correlation between education and unemployment. Presents a theoretical overview of the types of human capital and the impact of investment in human capital on earnings and rates of return. Then utilizes empirical data and research to analyze the theoretical issues related to investment in human capital, specifically formal education. Considered are such issues as costs and returns of investments, and social and private gains of individuals. The research compares and contrasts these factors based upon both education and skill level. Areas of future research are identified, including further analysis of issues regarding social gains and differing levels of success across different regions and countries. (AKP).
Author: Benjamin P. Klotz
Publisher:
Published: 1970
Total Pages: 108
ISBN-13:
DOWNLOAD EBOOK →Econometrics analysis of production functions in 1729 plants of the manufacturing industry in the USA - describes the mathematical models used and covers capital-labour force substitution, cost estimates, etc. Bibliography pp. 96 and 97, diagrams and statistical tables.
Author: Ali Dogramaci
Publisher:
Published: 1988-01-31
Total Pages: 292
ISBN-13: 9789400932548
DOWNLOAD EBOOK →Author: Melvyn Fuss
Publisher: Elsevier
Published: 2014-06-28
Total Pages: 361
ISBN-13: 148325903X
DOWNLOAD EBOOK →Contributions to Economic Analysis: Production Economics: A Dual Approach to Theory and Applications, Volume 2 focuses on the theory of production from the standpoint of the "dual", the relationships between economic observables which are dual to physical technology. The selection first ponders on duality, intermediate inputs and value-added, Hicks' aggregation theorem and the existence of a real value-added function, and homotheticity and real value-added in Canadian manufacturing. Discussions focus on real value-added and the production structure, estimation of the production structure, double deflation and real value-added, measurement of total productivity, and duality between direct and conditional indirect utility functions. The book then examines the estimation techniques for the elasticity of substitution and other production parameters and measurement of the elasticity of factor substitution and bias of technical change. The publication takes a look at the identification of technical change in the electricity generating industry, factor substitution in electricity generation, and the effectiveness of rate-of-return regulation. Topics include statistical tests of regulatory effectiveness, profit function for a regulated firm, tests of the structure of technology, identification problems in the measurement of technical change, and measurement of disembodied technical change. The selection is a valuable source of information for economists and researchers interested in production economics.
Author: Vernon L. Smith
Publisher: Harvard University Press
Published: 1961
Total Pages: 364
ISBN-13: 9780674465008
DOWNLOAD EBOOK →Developing a unified theory of production and investment, Vernon L. Smith explores the empirical and theoretical nature of the interdependence between "short-run" current account production decisions and "long-run" investment planning, taking into account such technological factors as equipment replacement. The book builds an explicit theory of production planning by integrating production, investment, and equipment replacement policy, derives the decision implications of the use of durable capital goods, and examines the production function concept and the production decision process in engineering design and in general business practice.
Author: Svend Rasmussen
Publisher: Springer Science & Business Media
Published: 2012-08-04
Total Pages: 296
ISBN-13: 3642302009
DOWNLOAD EBOOK →This book covers the basic theory of how, what and when firms should produce to maximise profits. Based on the neoclassical theory of the firm presented in most general microeconomic textbooks, it extends the general treatment and focuses on the application of the theory to specific problems that the firm faces when making production decisions to maximise profits. Increasing level of government regulation and the use of specialised and often very expensive equipment in modern production motivates the following focus areas: 1) How to optimise production under restrictions., 2) Treatment of fixed inputs and the process of input fixation, 3) Optimisation of production over time, 4) Linear and Mixed Integer Programming as tools for optimisation in practice. This updated second edition includes a more comprehensive introduction to the theory of decision making under risk and uncertainty as well as a new chapter on how to use linear programming to generate the supply function of the firm.