The problem of simultaneous equation bias is examined in the context of the Cobb-Douglas production function and firm decision functions, assuming competition. Two extreme models are specified, ...

This paper examines existing methods of estimating the translog production function and provides a general framework that allows for variable returns to scale. The model is based on the inverse input ...

In my last post on my Debtwatch blog, I finished by saying that the Physiocrats were the only School of economics to properly consider the role of energy in production. They ascribed it solely to ...