Short cuts to dynamic factor demand modelling
نویسندگان
چکیده
منابع مشابه
Short cuts to dynamic factor demand modelling
By means of so-called virtual or shadow prices, short-run factor demands, short-run marginal costs, etc. can be derived from any long-run cost function. The traditional approach (short-run/restricted/conditional/variable cost functions) is criticized, and it is also shown that technological change, scale e!ects, etc. can be added to any cost function by means of disembodied factor-augmenting e$...
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ژورنال
عنوان ژورنال: Journal of Econometrics
سال: 2000
ISSN: 0304-4076
DOI: 10.1016/s0304-4076(99)00062-7