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Any serious empirical study of factor substitutability has to allow the data to display complementarity as well as … explanation: Using a translog approach reduces the issue of factor substitutability or complementarity to a question of cost … substitutability. The standard approach reflecting this idea is a translog specification - this is also the approach used by numerous …
Persistent link: https://www.econbiz.de/10011446167
This paper compares technologies across space and time on the basis of factual and counterfactual substitution elasticities and argues that differences in estimated substitution elasticities should be decomposed into two counterfactual components. While the first component is designed to...
Persistent link: https://www.econbiz.de/10011447707
Any serious empirical study of factor substitutability has to allow the data to display complementarity as well as … explanation: Using a translog approach reduces the issue of factor substitutability or complementarity to a question of cost … substitutability. The standard approach reflecting this idea is a translog specification - this is also the approach used by numerous …
Persistent link: https://www.econbiz.de/10011402402
Identifying free-ridership is significant to several issues relevant to program evaluation, including the calculation of net program benefits and assessments of political acceptability. Despite the potential of free-ridership to seriously undermine the economic efficiency of a program...
Persistent link: https://www.econbiz.de/10011406241
Persistent link: https://www.econbiz.de/10010193375
Any serious empirical study of factor substitutability has to allow the data to display complementarity as well as … explanation: Using a translog approach reduces the issue of factor substitutability or complementarity to a question of cost … substitutability. The standard approach reflecting this idea is a translog specification – this is also the approach used by numerous …
Persistent link: https://www.econbiz.de/10010297764
This paper compares technologies across space and time on the basis of factual and counterfactual substitution elasticities and argues that differences in estimated substitution elasticities should be decomposed into two counterfactual components. While the first component is designed to...
Persistent link: https://www.econbiz.de/10010297858
Any serious empirical study of factor substitutability has to allow the data to display complementarity as well as … explanation: Using a translog approach reduces the issue of factor substitutability or complementarity to a question of cost … substitutability. The standard approach reflecting this idea is a translog specification – this is also the approach used by numerous …
Persistent link: https://www.econbiz.de/10010262521
Persistent link: https://www.econbiz.de/10003310722
Persistent link: https://www.econbiz.de/10002482233