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Cobb-Douglas and Translog Profit Functions

An Assessment of CES and Cobb-Douglas Production Functions 1

An Assessment of CES and Cobb-Douglas Production Functions 1

... and Cobb-Douglas: An Empirical Assess- ment If income shares are forecast using a neoclassical production function, the elasticity of substitution parameter σ is of prime ...ratio. ...

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Cobb-Douglas, Translog Stochastic Production Function and Data Envelopment Analysis in Total Factor Productivity in Brazilian Agribusiness

Cobb-Douglas, Translog Stochastic Production Function and Data Envelopment Analysis in Total Factor Productivity in Brazilian Agribusiness

... a Cobb-Douglas, Translog Stochastic Production Function and Data Envelopment Analysis in order to estimate inefficiencies over time as well as respective TFP (Total Factor Productivity) sources for ...

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Cobb-Douglas Utility - Eventually!

Cobb-Douglas Utility - Eventually!

... Large Changes with LES and with A IDADS A single LES  that is, one with exactly one set of values for β and γ  is not able to capture changing consumption patterns across wide variations in living standards. Typically ...

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The Cobb-Douglas Production Function

The Cobb-Douglas Production Function

... The Cobb-Douglas Production Function This chapter describes in detail the most famous of all production functions used to represent production processes both in and out of ...a Cobb ...

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Cobb-Douglas Utility - Eventually!

Cobb-Douglas Utility - Eventually!

... Large Changes with LES and with A IDADS A single LES  that is, one with exactly one set of values for β and γ  is not able to capture changing consumption patterns across wide variations in living standards. Typically ...

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Handling losses in translog profit models

Handling losses in translog profit models

... 7 We expect and find a negative coefficient for this variable. 8 As a caveat we point out that we do not aim to combine ML functions derived for (OLS) limited dependent regressions with ML functions derived ...

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Handling losses in translog profit models

Handling losses in translog profit models

... 8 As a caveat we point out that we do not aim to combine ML functions derived for (OLS) limited dependent regressions with ML functions derived for SFA with a composed error term. In our view, this would ...

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Profit Efficiency among Paddy Farmers: A Cobb-Douglas Stochastic Frontier Production Function Analysis

Profit Efficiency among Paddy Farmers: A Cobb-Douglas Stochastic Frontier Production Function Analysis

... Frontier Profit Function which assumed Cobb-Douglass specification form was estimated using a cross-sectional data obtained from a sample of 397 Paddy households via Multi-stage and simple random sampling ...

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COBB Douglas, Constant Elasticity of Substitution (CES) and Transcendental Logarithmic Production Functions in Non linear Type of Special Functions

COBB Douglas, Constant Elasticity of Substitution (CES) and Transcendental Logarithmic Production Functions in Non linear Type of Special Functions

... the Cobb-Douglas, Constant Elasticity of substitution (CES) and transcendental logarithmic (known as Translog) production functions are the most frequently used nonlinear type of special ...

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The Time Augmented Cobb-Douglas Production Function

The Time Augmented Cobb-Douglas Production Function

... these functions might be an approach based on the linearization of this function, where parameters are estimated by an ordinary least squares procedure (OLS) and transformed to the nonlinear ...

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Three Paradoxes with The Cobb-Douglas Production Function

Three Paradoxes with The Cobb-Douglas Production Function

... The Cobb-Douglas production functions formulae possess the convenient property that the exponents of inputs readily represent the output elasticities of inputs such that the sum of these exponents ...

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Estimation of COBB Douglas Production Function in Econometric Model

Estimation of COBB Douglas Production Function in Econometric Model

... Abstract: An important inferential phase in nonlinear production function model problems is the exploration of the estimation of parameters of relationship between the output (dependent variable) and inputs (independent ...

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Entrepreneurs, Sticky Competition and the Schumpeterian Cobb Douglas Production Function

Entrepreneurs, Sticky Competition and the Schumpeterian Cobb Douglas Production Function

... The divergence of our model from the recent endogenous growth theories such as Romer (1990) is that sustained growth is driven by profit-maximizing entrepreneurs under a price taking sticky competitive market ...

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"A Theory of Production" The Estimation of the Cobb-Douglas Function: A Retrospective View

"A Theory of Production" The Estimation of the Cobb-Douglas Function: A Retrospective View

... A REEVALUTAION OF THE EMPIRICAL EVIDENCE AND A PARSIMONIOUS EXPLANATION The second step in answering the questions posed at the end of the second section is to provide empirical evidence. First, one must realize that, as ...

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Generalized Cobb-Douglas function for two inputs and linear elasticity

Generalized Cobb-Douglas function for two inputs and linear elasticity

... the elasticity of one of the factors is a function of first degree. After the examination of parameters conditions according to the axioms of the production functions, there are computed the main indicators. Also, ...

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The Cobb-Gouglas function as an approximation of other functions

The Cobb-Gouglas function as an approximation of other functions

... Figure 10. Evolution of the OE for ES = 0.1 Key: idem Figure 9. 6. Conclusions This article has defined the VOE-CD function and shown that this function can be used to approximate any homogeneous production function. ...

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Rice production structures in Sri Lanka: The normalized translog profit function approach

Rice production structures in Sri Lanka: The normalized translog profit function approach

... production functions in Kirindioya area using household survey ...response functions for the period of ...normalized translog profit function ...

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England; Premier League; Cobb-Douglas frontier model; technical efficiency

England; Premier League; Cobb-Douglas frontier model; technical efficiency

... cost functions, came to prominence in the late 1970s as a result of the work of Aigner, Lovell, and Schmidt (1977), Battese and Corra (1977), and Meeusen and Van den Broeck ...

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The Cobb-Douglas function as a flexible function:Analysing the sustitution between capital, labor and energy

The Cobb-Douglas function as a flexible function:Analysing the sustitution between capital, labor and energy

... Elasticities Cobb-Douglas function, this article shows that a large class of production functions can be written as Cobb-Douglas function with non-constant output ...flexible ...

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MODEL DEVELOPMENT FOR WHEAT PRODUCTION: OUTLIERS AND MULTICOLLINEARITYPROBLEM IN COBB-DOUGLAS PRODUCTION FUNCTION

MODEL DEVELOPMENT FOR WHEAT PRODUCTION: OUTLIERS AND MULTICOLLINEARITYPROBLEM IN COBB-DOUGLAS PRODUCTION FUNCTION

... The Cobb-Douglas functions are among the best known production functions utilized in applied production ...on Cobb-Douglas production function with the used of robust method and ...

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