Joint production and price uncertainty: hypothesis tests

This paper extends the existing estimation methods to allow empirical estimation and hypothesis testing under joint production and price uncertainty. Our approach modifies and expands the use of duality theory. Furthermore, our approach does not require the specification or estimation of the production/cost function. We apply the methodology to the U.S. manufacturing sector.

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Year of publication:	2006
Authors:	Alghalith, Moawia
Published in:	Brussels Economic Review. - Département d'Économie Appliquée (DULBEA). - Vol. 49.2006, 3, p. 265-274
Publisher:	Département d'Économie Appliquée (DULBEA)
Subject:	estimating equations \| hypotheses testing \| output uncertainty \| price uncertainty \| utility

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Extent:	application/pdf
Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10008573888