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PRODUCTION ECONOMICS: AN EMPIRICAL APPROACH: An Empirical Approach

By Charles Britt Moss
eBook
$59.00
By Charles Britt Moss
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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...

Categories

BusinessEconomicsMicroeconomics