Ma, Yue; Lee, Shu Kam; Chan, Hing Lin - In: Journal of Chinese Economic and Business Studies 1 (2003) 2, pp. 221-244
The purpose of this paper is to investigate the impacts of rationing on firm behavior. A virtual price approach is adopted to derive the rationed elasticities of variable input demands and output supply under a translog profit function. To illustrate the difference between the rationed and...