Numerical Computation of Short-Run-Production Functions

摘要: In empirical analysis of production functions, the standard approach is to choose ad hoc a parameterized family functions (e.g., Cobb-Douglas- or CES-production functions) and then fit parameters according given set observed data. This means that assumptions on functional relationships are made, e.g. constant elasticity substitution. contrast this we describe some numerical methods for parameter-free which based technical information micro-level.