For the production functions in the previous question calculate the marginal product of x 1 (or MP K for part b) and the technical rate of substitution. Graph one or two isoquants for each production ...

Cobb Douglas production function parameters are not identified from cross-section variation when inputs are perfectly flexible and chosen optimally, and input prices are common to all firms.

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 ...

<p>This paper proposes a new semi-nonparametric maximum likelihood estimation method for estimating production functions. The method extends the literature on structural estimation of production ...

In estimating parameters of the Cobb-Douglas production function, assuming competition and profit maximization, the estimator to be employed depends on the specification of the behavior of the ...

Quantitative recognition is to realize the quantitative recognition of production, living and ecological functions by establishing the evaluation system and function measurement equation set of PLEF.