A micro-economic model of a short run cost function with unobserved heterogeneity /

Unobserved plant level heterogeneity and discrete production processes can produce problems for estimation. A structural model of discrete production decisions by heterogeneous plants is constructed and, as a case study, estimated for the U.S. Portland cement industry. A new estimator is proposed to...

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Bibliographic Details
Main Author: Prentice, David
Format: Book
Published: Bundoora, Vic. : La Trobe University. School of Business. 1998
Series:Discussion paper ; no. A 98.01
Subjects: