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stressed that agricultural technologies approximate the key assumptions of production theory particularly well. To measure …
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This paper posits a new approach to the 'wage equation' of the New Economic Geography (NEG). On one side, it is shown that the NEG provides a spatial explanation of marginal costs, instead of wages. On the other side, and focusing on the statistical properties of the data, it is explained why...
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duality of production theory is applied. Estimating the system of cost share equations derived from a translog cost function …
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