Advanced Search
MyIDEAS: Login

Factor Demands, Cost Functions, and Technology Measurements for Regulated Firms

Contents:

Author Info

  • Pierre Lasserre
  • Pierre Ouellette

Abstract

In this paper, the authors provide some missing elements to the theory of the regulated firm and discuss implications for econometric specification. Particular attention is paid to situations where capital is quasi-fixed under rate-of-return regulation, which may lead to serious specification and interpretation errors if the current theoretical basis is not adjusted. The authors also extend the analysis to arbitrary types of regulation and indicate precisely how the differential of factor demands can be specified and what regularity conditions it must satisfy. The exact formula for the calculation of marginal products, returns to scale, and technological change are derived.

Download Info

If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
File URL: http://links.jstor.org/sici?sici=0008-4085%28199402%2927%3A1%3C218%3AFDCFAT%3E2.0.CO%3B2-7
Download Restriction: only available to JSTOR subscribers

As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.

Bibliographic Info

Article provided by Canadian Economics Association in its journal Canadian Journal of Economics.

Volume (Year): 27 (1994)
Issue (Month): 1 (February)
Pages: 218-42

as in new window
Handle: RePEc:cje:issued:v:27:y:1994:i:1:p:218-42

Contact details of provider:
Postal: Canadian Economics Association Prof. Steven Ambler, Secretary-Treasurer c/o Olivier Lebert, CEA/CJE/CPP Office C.P. 35006, 1221 Fleury Est Montréal, Québec, Canada H2C 3K4
Email:
Web page: http://economics.ca/cje/
More information through EDIRC

Order Information:
Email:
Web: http://economics.ca/en/membership.php

Related research

Keywords:

Other versions of this item:

References

No references listed on IDEAS
You can help add them by filling out this form.

Citations

Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
as in new window

Cited by:
  1. Appelbaum, Elie & Berechman, Joseph, 1991. "Demand conditions, regulation, and the measurement of productivity," Journal of Econometrics, Elsevier, vol. 47(2-3), pages 379-400, February.
  2. Ouellette, Pierre & Quesnel, Jean-Patrice & Vigeant, Stéphane, 2012. "Measuring returns to scale in DEA models when the firm is regulated," European Journal of Operational Research, Elsevier, vol. 220(2), pages 571-576.
  3. Pierre Ouellette & Stéphane Vigeant, 2001. "Cost and Production Duality: The Case of the Regulated Firm," Journal of Productivity Analysis, Springer, vol. 16(3), pages 203-224, November.
  4. Pierre Ouellette & Stéphane Vigeant, 2006. "A generalized procedure to recover the first derivatives of a production function when the firm is a profit maximizer," Journal of Productivity Analysis, Springer, vol. 26(1), pages 27-33, August.
  5. Pierre Ouellette & Stéphane Vigeant, 2000. "A General Procedure to Recover the Marginal Products of a Cost Minimizing Firm," Journal of Productivity Analysis, Springer, vol. 14(2), pages 143-162, September.

Lists

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

Statistics

Access and download statistics

Corrections

When requesting a correction, please mention this item's handle: RePEc:cje:issued:v:27:y:1994:i:1:p:218-42. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Prof. Werner Antweiler).

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

Please note that corrections may take a couple of weeks to filter through the various RePEc services.