A model-combined estimator of elasticity of scale

Applied Economics Letters

Volumn 10, Issue 2, 2003, Pages 119-122

  Li, M ^a  

^a UNIVERSITY OF CALIFORNIA   (United States)

Author keywords

[No Author keywords available]

Indexed keywords

BAYESIAN ANALYSIS; DEMAND ELASTICITY; ECONOMY OF SCALE; MODEL;

EID: 0037429011     PISSN: 13504851     EISSN: None     Source Type: Journal    
DOI: 10.1080/1350485022000041005     Document Type: Article

References (14)

1. Aigner, D., Lovell, K. and Schmidt, P. (1977) Formulation and estimation of stoichastic frontier production model, Journal of Econometrics, 6, 21-37.
2. Chib, S. and Greenberg, E. (1995) Understanding the Metropolis-Hastings algorithm, The American Statistician, 49, 327-35.
3. Christensen, L. and Greene, W. (1976) Economies of scale in US electric power generation, Journal of Political Economy, 84, 655-76.
4. Clemhout, S. (1968) The class of homothetic isoquent production functions, Review of Economic Studies, 35, 91-104.
5. Gelfand, A. E. and Dey, D. K. (1994) Bayesian model choice: asymptotics and exact calculations, Journal of the Royal Statistical Society ( Series B), 56, 501-14.
6. Hildebrand, G. and Liu, T. (1957) Manufacturing Production Functions in the United States, Cornell University Press, Ithaca, NY.
7. Nerlove, M. (1963) Returns to scale in electricity supply, in Measurement in Econometrics: Studies in Mathematical Economics and Econometrics in Memory of Yehuda Grundfeld (Eds) C. Christ et al., Stanford University Press, Stanford.
8. Poirier, D. J. (1991) A Bayesian view of nominal money and real output through a new classical macroeconomic window, Journal of Business and Economic Statistics, 9, 125-61.
9. Revankar, N. S. (1971) A class of variable elasticity of substitution production functions, Econometrica, 39, 61-71.
10. Ringstad, V. (1967) Econometric analysis based on a production function with neutrally variable scale elasticity, Swedish Journal of Economics, 115-33.
11. Ringstad, V. (1974) Some empirical evidence on the decreasing scale elasticity, Econometrica, 42, 87-101.
12. Tobias, J. L. and Li, M. (2002) Returns to schooling and Bayesian model averaging: a union of two literatures, Journal of Economic Surveys, forthcoming.
13. Zellner, A. and Revankar, N. S. (1969) Generalized production functions, The Review of Economic Studies, 36, 241-50.
14. Zellner, A. and Ryu, H. (1998) Alternative functional forms for production, cost and returns to scale functions, Journal of Applied Econometrics, 13, 101-27.