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The Generalized Power Production Function

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  • Alain De Janvry

Abstract

The generalized power production function includes as special cases the Cobb-Douglas, the Transcendental, and the Cobb-Douglas with variable returns to scale. It can be estimated by ordinary least squares without simultaneous equation bias under the behavioral assumption of maximization of expected profits.

Suggested Citation

  • Alain De Janvry, 1972. "The Generalized Power Production Function," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 54(2), pages 234-237.
    • Handle: RePEc:oup:ajagec:v:54:y:1972:i:2:p:234-237.
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    File URL: http://hdl.handle.net/10.2307/1238706
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    Cited by:

    1. Shively, Gerald E., 1999. "Risks and returns from soil conservation: evidence from low-income farms in the Philippines," Agricultural Economics, Blackwell, vol. 21(1), pages 53-67, August.
    2. Lu, Yao-Chi, 1975. "Measuring Productivity Change In U.S. Agriculture," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 7(2), pages 1-7, December.
    3. Rulon D. Pope & Richard E. Just, 1977. "On The Competitive Firm Under Production Uncertainty," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 21(2), pages 111-118, August.
    4. G. F. Ortmann*, 1985. "A Production Function Analysis of the South African Sugar Industry," South African Journal of Economics, Economic Society of South Africa, vol. 53(4), pages 258-269, December.
    5. Just, Richard & Pope, Rulon, 1976. "On the Relationship of Input Decisions and Risk," CUDARE Working Papers 198209, University of California, Berkeley, Department of Agricultural and Resource Economics.
    6. Fawson, Chris & Shumway, C. Richard, 1990. "Endogenous Regional Agricultural Production Technologies," 1990 Annual meeting, August 5-8, Vancouver, Canada 270879, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    7. Davis, George C. & You, Wen, 2013. "Estimates of returns to scale, elasticity of substitution, and the thrifty food plan meal poverty rate from a direct household meal production function," Food Policy, Elsevier, vol. 43(C), pages 204-212.
    8. Satya Yadav & Willis Peterson & K. Easter, 1997. "Do farmers overuse nitrogen fertilizer to the detriment of the environment?," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 9(3), pages 323-340, April.
    9. Hassan, Rashid M. & Hallam, Arne & D'Silva, B., 1988. "Stochastic Technology in a Programming Framework: A Generalized E. V. Model," 1988 Annual Meeting, August 1-3, Knoxville, Tennessee 270212, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).

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