A Parametric Model of Stochastic Production

A parametric model of stochastic production is proposed and demonstrated. The parametric model treats output as a random variable with a distribution that is conditional on inputs. Maximum likelihood estimation of the model is shown to produce consistent and asymptotically efficient estimates.


Issue Date:
1986-07
Publication Type:
Conference Paper/ Presentation
DOI and Other Identifiers:
Record Identifier:
https://ageconsearch.umn.edu/record/278108
Language:
English
Total Pages:
15




 Record created 2018-10-12, last modified 2020-10-28

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