Titlebook: Handbook of Production Economics; Subhash C. Ray,Robert G. Chambers,Subal C. Kumbhak Reference work 2022 Springer Nature Singapore Pte Ltd

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Production Under Uncertaintynd producer decision-making under uncertainty is examined. The presentation emphasizes the formal similarities between the stochastic production environment and more traditional models of a nonstochastic technology and producer behavior under certainty. The nonstochastic multiple-output technology i

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Cost, Revenue, and Profit Function Estimatesates on the more widely used functional forms to motivate various issues in the flexibility of various parametric functions, in the imposition of regularity conditions, in the use of non-parametric estimation of models, and in standard econometric models used to estimate the parameters of these diff

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Nonconvexity in Production and Cost Functions: An Exploratory and Selective Review*cial attention to the cost function. Apart from a somewhat selective review of theoretical issues, the emphasis is on whether the assumption of convexity makes a difference in practice. Anticipating our conclusion, we argue that traditional convex empirical results differ on average rather markedly

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Neoclassical Production Economics: An IntroductionTo emphasize the nexus between the theory and the empirics of production, this chapter is split into two parts. The first presents a brief overview of the state of neoclassical . as it exists in the third decade of the twenty-first century. The second part presents an overview of the history of the development of functional forms for the ..

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Reference work 2022This three-volume handbook includes state-of-the-art surveys in different areas of neoclassical production economics. Volumes 1 and 2 cover theoretical and methodological issues only. Volume 3 includes surveys of empirical applications in different areas like manufacturing, agriculture, banking, energy and environment, and so forth..

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https://doi.org/10.1007/978-981-10-3455-8Production Economics; Production Duality; Growth Theory; Data Envelopment Analysis; Stochastic Frontier

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Springer Nature Singapore Pte Ltd. 2022