Lasserre, Pierre; Ouellette, Pierre - In: Journal of Productivity Analysis 11 (1999) 3, pp. 219-241
We present a dynamic model of factor demands based on expected discounted costs minimization. While making only very … factor demands and the technology, and we provide formula for easily recovering marginal products, returns to scale, and … technological change from estimated factor demands. Parametrization and implementation are illustrated in a detailed example …