Pseudo Data: A Tool for Teaching Production Economics

It is argued that a "laboratory" data set would greatly facilitate the teaching of graduate-level production economics. Development of a process model and an optimal experimental design for generating pseudo data are outlined. A translog, multiproduct profit function is estimated and the resulting net and gross elasticities are discussed.


Issue Date:
1984-08
Publication Type:
Conference Paper/ Presentation
DOI and Other Identifiers:
Record Identifier:
https://ageconsearch.umn.edu/record/278926
Language:
English
Total Pages:
15




 Record created 2018-10-24, last modified 2020-10-28

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