Nonparametric dynamic production analysis and the theory of cost

• Type: Article in International Scientific Journal
• Date: 2003

Authors

Elvira Silva (Author) FEP; Spiro E. Stefanou (Author) Other

Journal

Title: Journal of Productivity Analysis

Vol. 19

Pages: 5-32

ISSN: 0895-562X

Publisher: Springer Nature

Indexing

ISI Web of Knowledge - 80 Citations

Scopus - 86 Citations

Scientific classification

FOS: Social sciences

CORDIS: Social sciences

Other information

Authenticus ID: P-000-K1S

DOI: 10.1023/a:1021865018717

Abstract (EN): While the dynamic theory of production provides little insight towards identifying a specific functional form for the firm's technology, dynamic production analysis has been explored traditionally in a parametric framework. A nonparametric dynamic dual cost approach to production analysis is developed in this article. Recovering technological information from intertemporal cost minimizing behavior is possible without imposing a parametric functional form on the firm's technology. Nonparametric tests to analyze the structure of a dynamic technology are presented from a dynamic cost minimizing perspective. The empirical implementation of these tests is illustrated for a balanced panel data set of Pennsylvania dairy operators during the time period 1986-1992.

Language: English

Type (Professor's evaluation): Scientific

No. of pages: 28