Download or read book A Survey of Statistical Production and Cost Functions Cost functions written by Alan Arthur Walters and published by . This book was released on 1960 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book A Survey of Statistical Production and Cost Functions written by Alan Arthur Walters and published by . This book was released on 1960 with total page 172 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book A Survey of Statistical Production and Cost Functions Production functions written by Alan Arthur Walters and published by . This book was released on 1960 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book A Survey of Statistical Production and Cost Functions written by and published by . This book was released on 1960 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book A Survey of Statistical Production and Cost Functions written by Alan Arthur Walters and published by . This book was released on 1960 with total page 72 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Production and Cost Functions written by Erkin Bairam and published by Routledge. This book was released on 2018-04-27 with total page 140 pages. Available in PDF, EPUB and Kindle. Book excerpt: This title was first published in 2001. The objective of this book is to discuss specification and applications of new production, cost and profit functions. It is aimed at specialists in production, economic growth, costs, profits and applied econometrics in particular.

Download or read book Theory of Cost and Production Functions written by Ronald William Shephard and published by Princeton University Press. This book was released on 2016-04-19 with total page 320 pages. Available in PDF, EPUB and Kindle. Book excerpt: A sequel to his frequently cited Cost and Production Functions (1953), this book offers a unified, comprehensive treatment of these functions which underlie the economic theory of production. The approach is axiomatic for a definition of technology, by mappings of input vectors into subsets of output vectors that represent the unconstrained technical possibilities of production. To provide a completely general means of characterizing a technology, an alternative to the production function, called the Distance Function, is introduced. The duality between cost function and production function is developed by introducing a cost correspondence, showing that these two functions are given in terms of each other by dual minimum problems. The special class of production structures called Homothetic is given more general definition and extended to technologies with multiple outputs. Originally published in 1971. The Princeton Legacy Library uses the latest print-on-demand technology to again make available previously out-of-print books from the distinguished backlist of Princeton University Press. These editions preserve the original texts of these important books while presenting them in durable paperback and hardcover editions. The goal of the Princeton Legacy Library is to vastly increase access to the rich scholarly heritage found in the thousands of books published by Princeton University Press since its founding in 1905.

Download or read book Cost and Production Functions written by R.W. Shephard and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 116 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study is the result of an interest in the economic theory of production intermittently pursued during the past three years. Over this period I have received substantial support from the Office of Naval Research, first from a personal service consulting contract directly with the Mathematics Division of the Office of Naval Research and secondly from Project N6 onr-27009 at Princeton Univer sity under the direction of Professor Oskar Morgenstern. Grateful acknowledgement is made to the ·Office of Naval Research for this support and to Professor Morgenstern, in particular, for his interest in the puolication of this research. The responsibility for errors and omissions, how ever, rests entirely upon the author. Professor G. C. Evans has given in terms of a simple total cost function, depending solely upon output rate, a treatment of certain aspects of the economic theory of production which has inherent generality and convenience of formulation. The classical approach of expressing the technology of production by means of a production function is potentially less restrictive than the use of a simple total cost function, but it has not been applied in a more general form other than to derive the familiar conditions between marginal productivities of the factors of produc tion and their market prices.

Download or read book Production and Cost Functions written by A. A. Walters and published by . This book was released on 1963 with total page 66 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Production and Cost Functions written by Erkin Bairam and published by Routledge. This book was released on 2018-04-27 with total page 181 pages. Available in PDF, EPUB and Kindle. Book excerpt: This title was first published in 2001. The objective of this book is to discuss specification and applications of new production, cost and profit functions. It is aimed at specialists in production, economic growth, costs, profits and applied econometrics in particular.

Download or read book An Introduction to Cost and Production Functions written by David F. Heathfield and published by . This book was released on 1987 with total page 216 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Production and Cost Functions and Their Application to the Port Sector written by Lourdes Trujillo and published by World Bank Publications. This book was released on 2003 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: Seaports provide multiple services to ships, cargo, and passengers. These services can be performed by a combination of public and private initiatives. Usually, the role of public sector institutions is to regulate and supervise private firms. In performing that task public sector institutions require in-depth knowledge of firms' cost structure. This paper offers a review of the literature about ports' cost structure and of its implications for regulation. The paper argues that the operation of port terminals should be analyzed by means of multiproduct theory. This approach allows the calculation of several cost indicators (economies of scale, scope, and so forth) which are key tools to help regulators. This paper--a product of the Finance and Private Sector Development Division, World Bank Institute--is part of a larger effort in the institute to provide policy-relevant material to infrastructure regulators and policymakers.

Download or read book Statistical Cost Analysis written by John Johnston and published by . This book was released on 1960 with total page 216 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book On the Estimation of Statistical Cost Functions written by Pekka Lehtonen and published by . This book was released on 1976 with total page 114 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Statistical Cost Functions written by and published by . This book was released on 1957 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Cost and Production Functions written by Ronald William Shephard and published by Springer. This book was released on 1981 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book An Econometric Structure for Cost Functions with Application to Municipal Water written by Paul Thomas Dyke and published by . This book was released on 1977 with total page 262 pages. Available in PDF, EPUB and Kindle. Book excerpt: In an effort to determine empirical cost functions for municipal water supplies in the United States, the writer found it necessary to specify an acceptable mathematical form to represent the cost equation. A preliminary search yielded no theoretically consistent expression adaptable to the problem. The primary concern in the studstimay thus became one of identifying theoretically sound statistical etion procedures for interrelated long- and short-run cost functions. Criteria were established to recognize a mathematical form qualified to function as a generalized cost equation. The prescribed path wound its way through a traditional overview of economic production functions, cost theory literature, and curve estimation procedures; then it moved into a comprehensive review of empirical cost studies. This empirical section first identified studies of short-run cost relationships and gave examples of declining, constant, and increasing marginal costs. Theoretical literature, addressing possible reasons for these diverse shapes, was then cited. The same format was maintained for long-run studies reporting diverse shapes. Theoretical explanations followed. The last part of the literature review inspected the explicit model structure of those studies combining long- and short-run cost curves. When no econometric model was found in the literature which satisfied the pre-specified criteria for a generalized cost equation, the study assumed the task of developing such a framework. The resulting econometric structure exhibited the following properties: (1) The adopted equation generates both long- and short-run cost curves. (2) Two cost groups are retained in both the long- and short-run -costs which vary proportionately with output (i.e., operating costs), and costs which are independent of output (i.e., plant costs). (3) Plant capacity is strictly defined, and all short-run production of a plant is constrained to a quantity not to exceed that capacity. (4) Operating cost is a function of production and plant utilization while plant cost is a function of plant capacity. Once the general econometric structure was developed it was then adapted to an empirical study of the cost for supplying water to municipalities. A survey of operating data for water utilities, collected by the American Water Works Association for the year 1965, was used as the principal data source for the application. Other independent variables, considered potentially important in determining cost, were evaluated and added to or omitted from the model. These characteristics included alternative treatments, types of customers, sources of water, city density, etc. The resulting regression equations indicated the following industry structure: (1) Although the major portion of the industry is facing economies-to- scale, the long-run cost curve turns distinctly upward for large water suppliers. (2) Over 95 per cent of the plants face downward sloping short-run average cost curves. (3) With the available data no statistical evidence could be found to indicate a plant's operating cost is affected by the level of plant utilization. The municipal water example was used to demonstrate the versatility of the generalized cost function in accommodating cost studies and hypothesis testing. The author therefore asserts that the econometric structure developed in this study is qualified to fulfill the pre-selected requirements of a theoretically sound statistical estimation procedure for interrelating long- and short-run cost functions.