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Persistent link: https://www.econbiz.de/10012809223
<link rid="b5">Chambers and Quiggin (2000)</link> use state-contingent representations of risky production technologies to establish important theoretical results concerning producer behavior under uncertainty. Unfortunately, perceived problems in the estimation of state-contingent models have limited the usefulness...
Persistent link: https://www.econbiz.de/10005290973
<xref ref-type="bibr" rid="R5">Chambers and Quiggin (2000)</xref> use state-contingent representations of risky production technologies to establish important theoretical results concerning producer behavior under uncertainty. Unfortunately, perceived problems in the estimation of state-contingent models have limited the usefulness...
Persistent link: https://www.econbiz.de/10009392541
Recent theoretical advances in total factor productivity (TFP) measurement mean that TFP indexes can now be exhaustively decomposed into unambiguous measures of technical change and efficiency change. To date, all applications of this new methodology have involved decomposing indexes that have...
Persistent link: https://www.econbiz.de/10010581346
Markov Chain Monte Carlo (MCMC) methods are used to estimate a seemingly unrelated regression (SUR) system of input demand functions for U.S. agriculture. Our demand functions have flexible forms and allow for nonrandom technical inefficiency. Concavity constraints are imposed at individual data...
Persistent link: https://www.econbiz.de/10009392740