Simon Fraser University

I. Production and Cost: One Variable Input

1. If marginal product is decreasing, then average product must also be decreasing. 2. For a fixed-proportion technology, inputs cannot be substituted for each other in production. 3. The marginal ...
JSTOR Daily

Econometric Analyses Based on a Production Function with Neutrally Variable Scale-Elasticity

In micro-economic theory much room is given to the discussion of inhomogeneous production functions, or more precisely, production functions with a monotonically decreasing elasticity of scale. On the ...
International Monetary Fund

On the Substitution of Private and Public Capital in Production

Download PDF More Formats on IMF eLibrary Order a Print Copy Create Citation Most macroeconomic models assume that aggregate output is generated by a specification for the production function with ...
JSTOR Daily

Multiple-Output Child Health Production Functions: The Impact of Time-Varying and Time-Invariant Inputs

Many production activities generate undesirable outputs in conjunction with the desirable outputs. In this paper we present the first estimates of a multiple-input, multiple-output directional ...
RIETI独立行政法人経済産業研究所

Estimating Firm-level Production Functions with Spatial Dependence in Output, Input, and Productivity

Author Name CHANG Pao-Li (Singapore Management University) / MAKIOKA Ryo (Research Associate, RIETI) / NG Bo Lin (Singapore Management University) / YANG Zhenlin (Singapore Management University) This ...