Dhyne, Emmanuel; Petrin, Amil; Smeets, Valerie; … - National Bureau of Economic Research - 2022
We introduce a new methodology for estimating multi-product production functions. It embeds the seminal contributions of Diewert (1973) and Lau (1976) in our extended version of the semi-parametric econometric framework of Olley and Pakes (1996), where we address the simultaneity of inputs and...