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Persistent link: https://www.econbiz.de/10010542812
This paper considers a statistical model for a production frontier that is consistent with the traditional (nonstochastic) definition of a production function given in microeconomic theory. Limiting cases of the model are the familiar average production function and an envelope production...
Persistent link: https://www.econbiz.de/10005493312
Persistent link: https://www.econbiz.de/10001874266