Econometrics - Volume 1: Econometric Modeling of Producer Behavior

Book Description
The objectives of econometric modeling of producer behavior are to determine the nature of substitution among inputs and outputs and of differences in technology, as well as the role of economies of scale in production. Recent advances in methodology, based on the dual formulation of the theory of production in terms of prices, have enabled econometricians to achieve these objectives more effectively. This volume summarizes the economic theory, the econometric methodology, and the empirical findings resulting from the new approach.

Book Info
Summarizes the economic theory, the econometric methodology, and the empirical findings resulting from the new approach. Contents include empirical studies of depreciation, an economic theory of agricultural household behavior, the duality of technology and economic behavior, relative prices and technical change, and more. DLC: Production (Economic theory).

About the Author
Dale W. Jorgenson is Frederic Eaton Abbe Professor of Economics at Harvard University. His books include the two-volume Growth (MIT Press, 1998).


Buy from Amazon     Compare Prices

The objectives of econometric modeling of producer behavior are to determine the nature of substitution among inputs and outputs and of differences in technology, as well as the role of economies of scale in production. Recent advances in methodology, based on the dual formulation of the theory of production in terms of prices, have enabled econometricians to achieve these objectives more effectively. This volume summarizes the economic theory, the econometric methodology, and the empirical findings resulting from the new approach.


Buy from Barnes & Noble     Compare Prices