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Production Economics: An Empirical Approach
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Production Economics: An Empirical Approach Hardcover - 2022

by Charles Britt Moss


From the publisher

Production economics is that branch of microeconomics that examines producer decisions. This book focuses on the empirical estimation of these relationships using primal, dual, and differential specifications. The primal specification models production decisions based on the production function -- estimation of the input/output relationship and the derivation of optimization behavior from this technical relationship. The dual approach estimates production decisions using economic information such as input and output prices. The textbook then develops the linkages between these relationships. The differential specification is an alternative approach derived from changes in the first-order conditions from cost minimizing behavior. In each case, the theoretical development is followed by different empirical specifications that can be used to estimate the producer's choice.

Details

  • Title Production Economics: An Empirical Approach
  • Author Charles Britt Moss
  • Binding Hardcover
  • Pages 576
  • Volumes 1
  • Language ENG
  • Publisher World Scientific Publishing Company
  • Date 2022-03-30
  • ISBN 9789811238864 / 9811238863
  • Weight 2.06 lbs (0.93 kg)
  • Dimensions 9 x 6 x 1.25 in (22.86 x 15.24 x 3.18 cm)
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Production Economics: An Empirical Approach
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Production Economics: An Empirical Approach

by Charles Britt Moss

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Production Economics: An Empirical Approach
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Production Economics: An Empirical Approach

by Moss, Charles Britt

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Production Economics: An Empirical Approach
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Production Economics: An Empirical Approach

by Charles B Moss

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