Production risk and the estimation of ex-ante cost functions.
Cost function estimation under production uncertainty is problematic because the relevant cost is conditional on unobservable expected output. If input demand functions are also stochastic, then a nonlinear errors-in-variables model is obtained and standard estimation procedures typically fail to at...
| Publicado en: | Journal of Econometrics Vol. 100; no. 2; pp. 357 - 381 |
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| Formato: | Artículo |
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Elsevier Science
February 2001
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| Acceso en línea: | Ver este registro en EBSCOhost |