Working Paper Series
Erik Mellander and Bengt-Christer Ysander
On the Econometric Analysis of Production When There Are No Output Data
Abstract: A general method is described which allows a production
activity to be analyzed by means of input data only. According to duality
theory, the input cost shares can be completely specified without any
information about output if the technology is homothetic. It is
demonstrated that these cost shares can yield information about
elasticities of substitution and factor demand and on productivity
development. Moreover, the system of share equations can be generalized to
allow for technical and allocative inefficiency and the effects of these
inefficiencies on total costs and input demands can be estimated.
Keywords: Production measures; elasticity of substitution; inefficiency; estimation method; (follow links to similar papers)
JEL-Codes: C81; D22; (follow links to similar papers)
42 pages, December 1989
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