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On indices of marginal and total production cost

โœ Scribed by S. R. Chakravarty; N. Chattopadhyay

Book ID
112939911
Publisher
Springer-Verlag
Year
1994
Tongue
English
Weight
462 KB
Volume
35
Category
Article
ISSN
0932-5026

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Marginal and total production cost indic
Marginal and total production cost indices: Theory and applications
โœ Michael R. Baye; Mary E. Deily; Dennis W. Jansen ๐Ÿ“‚ Article ๐Ÿ“… 1991 ๐Ÿ› Springer ๐ŸŒ English โš– 511 KB

We show that the total cost of production index and the marginal cost of production index may be used to illuminate the course of an industry's evolution. Each of these summary statistics conveys different bits of information about the industry. Theoretical properties of the indices are compared, an