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theory, the preference seemed to have shifted to a dual approach. Recently, however, Mundlak resurrected the primal … become nested special cases of our general specification. The theory of the price-taking cost-minimizing, risk-neutral firm …
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Using insights obtained from Newey’s (1994) series estimator and a novel restatement of the q-theory that additively …
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This article examines the empirical performance of alternative frontier estimators' ability to replicate a known underlying technology and economic measures such as multi-product and product-specific economies of scale, and economies of scope. A cross sectional Monte Carlo procedure to simulate...
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