Factor demands, cost functions, and technology measurements for regulated firms.
In this paper we provide some missing elements to the theory of the regulated firm and discuss implications for econometric specification. Particular attention is paid to situations where capital is quasi-fixed under rate-of-return regulation, which may lead to serious specification and interpretati...
| Publicado en: | Canadian Journal of Economics Vol. 27; pp. 218 - 243 |
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| Autores principales: | , |
| Formato: | Artículo |
| Publicado: |
Wiley-Blackwell
February 1994
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| Acceso en línea: | Ver este registro en EBSCOhost |
| fields | @attributes: recordID: 1 pdfLink: plink: https://search.ebscohost.com/login.aspx?direct=true&db=ssf&AN=512390848&site=ehost-live header: @attributes: shortDbName: ssf uiTerm: 512390848 longDbName: Social Sciences Full Text (H.W. Wilson) uiTag: AN controlInfo: bkinfo: jinfo: jid: 00084085 CJE jtl: Canadian Journal of Economics issn: 00084085 maglogo: N pubinfo: dt: February 1994 vid: 27 pid: 480 pub: Wiley-Blackwell artinfo: ui: 512390848 10.2307/135812 ppf: 218 ppct: 25 formats: tig: atl: Factor demands, cost functions, and technology measurements for regulated firms. aug: au: Lasserre, Pierre Ouellette, Pierre su: Industrial policy Mathematical models Cost Mathematical models of economics Mathematical models of capital Rate of return on public utilities sug: subj: Industrial policy Mathematical models Cost Mathematical models of economics Mathematical models of capital Rate of return on public utilities ab: In this paper we provide some missing elements to the theory of the regulated firm and discuss implications for econometric specification. Particular attention is paid to situations where capital is quasi-fixed under rate-of-return regulation, which may lead to serious specification and interpretation errors if the current theoretical basis is not adjusted. We also extend the analysis to arbitrary types of regulation and indicate precisely how the differential of factor demands can be specified and what regularity conditions it must satisfy. The exact formula for the calculation of marginal products, returns to scale, and technological change are derived. Reprinted by permission of the publisher. pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: N holdings: @attributes: islocal: N |
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