AN EXAMINATION OF THE EMPIRICAL PROPERTIES OF DUALITY BETWEEN THE RESTRICTED PROFIT, UNRESTRICTED PROFIT, AND PRODUCTION FUNCTIONS
Lusk, Jayson L.; Abdulkadri, Abdullahi O.; Featherstone, Allen M.
1999

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Abstract

This research examines the empirical properties of duality theory. A comparison of the Hessian matrices calculated from the normalized unrestricted and restricted profit, and production functions indicate that duality is highly sensitive to measurement error and relative price variability. Keywords: duality, restricted and unrestricted profit functions

Details

Title
AN EXAMINATION OF THE EMPIRICAL PROPERTIES OF DUALITY BETWEEN THE RESTRICTED PROFIT, UNRESTRICTED PROFIT, AND PRODUCTION FUNCTIONS
Keywords
Author(s)
Lusk, Jayson L.
Abdulkadri, Abdullahi O.
Featherstone, Allen M.
Subject(s)
Issue Date
1999
Publication Type
Conference Paper/ Presentation
DOI and Other Identifiers
10.22004/ag.econ.21718
Record Identifier
https://ageconsearch.umn.edu/record/21718
PURL Identifier
http://purl.umn.edu/21718
Language
English
Total Pages
14
Series Statement
Selected Paper
Record Appears in
Agricultural and Applied Economics Association (AAEA) > Agricultural and Applied Economics Association (AAEA) Conferences > 1999 Annual meeting, August 8-11, Nashville, TN

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