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A nonparametric analysis of technology, technical change, and productivity is presented in the context of cost minimizing behavior. A number of nonparametric tests concerning the existence and nature of technical change are applied to U.S. and Japanese manufacturing data. Nonparametric measures...
Persistent link: https://www.econbiz.de/10005757138
The U.S. dairy sector has experienced several reforms in both government price support and classified pricing under state and federal milk marketing orders. An interregional spatial market equilibrium model of the U.S. dairy sector is used to provide quantitative measures of the aggregate and...
Persistent link: https://www.econbiz.de/10005324927
A nonparametric analysis of technical change under profit maximization and a "generalized augmentation" hypothesis is proposed. It allows for Hicks neutral as well as biased technical change. An empirical application to U.S. agriculture is presented in the context of input-output translating...
Persistent link: https://www.econbiz.de/10005743798
This paper considers the revealed preference implications of a fairly general optimization hypothesis under any finite number of constraints. It extends S. N. Afriat's seminal nonparametric analysis. The usefulness of the results are illustrated in two examples. Copyright 1993, the President and...
Persistent link: https://www.econbiz.de/10005814670