@article{Paris:200491,
      recid = {200491},
      author = {Paris, Quirino},
      title = {PMP and Uniqueness of the Calibrating Solution - Revision},
      address = {2015-04-02},
      number = {1570-2016-133642},
      series = {WP},
      pages = {23},
      month = {Apr},
      year = {2015},
      abstract = {This paper demonstrates the existence of a unique solution  of the PMP problem when both observed output quantities and  limiting input prices are taken as calibrating
benchmarks.  This version of PMP avoids the use of a user-determined  small positive
number ε originally introduced for  guaranteeing that the dual (shadow) price of binding input  constraints be positive. Furthermore, the paper shows how  to obtain endogenous output supply and input demand  elasticities that match available information about them in  the form of previously estimated parameters for an entire  region or sector. The framework is applied to a sample of  farms also for the case that admits no production for some  of the crop activities. The calibrating solution is very  close to the observed values
of output quantities and input  prices. The calibrating model does not use the matrix  of
fixed technical coefficient and reproduces identical  calibrating solutions.},
      url = {http://ageconsearch.umn.edu/record/200491},
      doi = {https://doi.org/10.22004/ag.econ.200491},
}