Search Results - subject:"Cost function"

Translog Cost Functions: An Application for Mexican Manufacturing.

Banda, Héctor Salgado; Verdugo, Lorenzo E. Bernal - Banco de México - 2007

We use translog cost functions to estimate own-price and substitution elasticities of input demands, economies of scale and average costs in Mexican manufacturing. Data from the Mexican Annual Industrial Survey is used for 1996, 2000 and 2003. We show that a model that allows for...

Persistent link: https://www.econbiz.de/10004989551

Explorations into the Production of State Government Services: Education, Welfare and Hospitals

Zlate, Andrei; Tresch, Richard W. - Department of Economics, Boston College - 2007

This paper explores the production characteristics of three important U.S. state government services--public higher education, public welfare, and state psychiatric hospitals—during the last half of the twentieth century. We estimate translog cost functions for the three services and find that...

Persistent link: https://www.econbiz.de/10005027851

Offshoring and Relative Labor Demand in Swedish Firms

Andersson, Linda; Karpaty, Patrik - Handelshögskolan, Örebro Universitet - 2007

The objective of this paper is to analyze relative employment effects in Sweden due to offshoring. In contrast to most previous studies in this field, our analysis is based on firm level data. More specifically the dataset contains Swedish manufacturing firms, 1997-2002. In addition we have...

Persistent link: https://www.econbiz.de/10005644774

Dualidad de las funciones de costo y de procucción en sus formas homotetica y no homotetica con aplicación de transformadas de lagrange

Giovanni E. Reyes, Ph.D - In: Contribuciones a la Economía (2007) 2007-03

This paper studies the cost and production functions, not only by themselves, but more important, in terms of their mutual transformation, under conditions in which their calculations and determination of trends could be difficult or complicated. This is a topic related to the theory of...

Persistent link: https://www.econbiz.de/10005557978

"Nonjointness and Scope Economies in the Multiproduct Symmetric Generalized McFadden Cost Function"

Stewart, Kenneth G. - Department of Economics, University of Victoria - 2007

The multiproduct symmetric generalized McFadden cost function is increasingly prominent in empirical production …

Persistent link: https://www.econbiz.de/10005800949

Discussão dos retornos à escala nos contextos das funções de produção e de custo

Alves, Eliseu Roberto de Andrade - In: Revista de Economia e Agronegocio / Brazilian Review of … 5 (2007) 2

The article deals with the cost function at a mathematical level that only requires knowledge of differentials, but … existence of the cost function, points out its properties, and shows how it relates with the production function in the sense … and cost functions. Whenever profit is maximized, one is the reciprocal of the other. The cost function has not a defined …

Persistent link: https://www.econbiz.de/10008549243

An Estimation of the Efficient Size of Sugarcane Enterprises for Farmers in Trinidad

Palmer, Donald W.; Pemberton, Carlisle A. - In: Farm and Business - The Journal of The Caribbean … 7 (2007) 1

This research paper provides an estimation of the efficient size of operation for sugarcane farmers in Trinidad. The estimates were based on a sample of two hundred and twenty-seven farmers selected from a cost of sugarcane production survey. To identify the efficient size of operation the...

Persistent link: https://www.econbiz.de/10005338888

Deregulating the Norwegian Pharmaceuticals Market - Consequences for Costs and Availability

Rudholm, Niklas - Handelns Utredningsinstitut (HUI Research) - 2007

The aim of this paper is to analyze the impact of the deregulation of the Norwegian pharmaceuticals market in 2001 on costs and availability of pharmaceutical products. Data has been collected from the annual reports of a sample of Norwegian pharmacies before and after the deregulation of the...

Persistent link: https://www.econbiz.de/10005419304

Efficiency and Economies of Scale of Large Canadian Banks

Allen, Jason; Liu, Ying - 2007

This paper measures the economies of scale of Canada's six largest banks and their cost-efficiency over time. Using a unique panel data set from 1983 to 2003, we estimate pooled cost functions and derive measures of relative efficiency and economies of scale. The disaggregation of the data...

Persistent link: https://www.econbiz.de/10014053209

Openess to Trade and Industry Cost Dispersion : Evidence from a Panel of Italian Firms

Ottaviano, Gianmarco I. P.; Pagnini, Marcello; Del … - 2007

We use Italian firm-level data to investigate the impact of trade openness on the distribution of firms across marginal cost levels. In so doing, we implement a procedure that allows us to control not only for the standard transmission bias identified in firm-level TFP regressions but also for...

Persistent link: https://www.econbiz.de/10014225052