Estimating Cost Function Parameters Without Using Cost Data: Illustrated Methodology
不使用成本数据估计成本函数参数:方法示例
FOR VARIOUS REASONS, data availability being not the least of these, empirical studies of production processes can often be carried out more conveniently in terms of cost functions instead of production functions. Assuming cost minimizing behavior by entrepreneurs, cost function studies can, in principle, reveal the same information [23, 26]. Such dual cost functions have an empirical difficulty in common with production functions, however. They must be concave and linear…