This file is part of IDEAS, which uses RePEc data


[ Papers | Articles | Software | Books | Chapters | Authors | Institutions | JEL Classification | NEP reports | Search | New papers by email | Author registration | Rankings | Volunteers | FAQ | Blog | Help! ]

Dynamic Factor Demands and Technology Measurement under Arbitrary Expectations

Author info | Abstract | Publisher info | Download info | Related research | Statistics
Author Info
Pierre Lasserre () (Economics Department, UQAM)
Pierre Ouellette () (Economics Department, UQAM)

Additional information is available for the following registered author(s):

Abstract

We present a dynamic model of factor demands based on expected discounted costs min-imization. While making only very mild assumptions on expectations and technology, we are able to establish a duality relationship between contemporary factor demands and the technology, and we provide formula for easily recovering marginal products, returns to scale, and technological change from estimated factor demands. Parametrization and implementation are illustrated in a detailed example.

Nous présentons un modèle dynamique de demande de facteurs de production basé sur un comportement de minimisation de l'espérance des coûts cumulatifs actualisés. Sous des hypothèses peu restrictives sur les anticipations et la technologie, nous établissons une relation de dualité entre les demandes courantes de facteurs et la technologie. Produits marginaux, rendements d'échelle et progrès technologique peuvent se calculer simplement à partir des demandes de facteurs. Nous illustrons à travers un exemple détaillé une façon de paramétriser et d'appliquer le modèle.

Download Info
To download:

If you experience problems downloading a file, check if you have the proper application to view it first. Information about this may be contained in the File-Format links below. 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://www.unites.uqam.ca/eco/cahiers/wp9908.pdf
File Format: application/pdf
File Function: Main text
Download Restriction: no

Publisher Info
Paper provided by Université du Québec à Montréal, Département des sciences économiques in its series Cahiers de recherche du Département des sciences économiques, UQAM with number 9908.

Download reference. The following formats are available: HTML (with abstract), plain text (with abstract), BibTeX, RIS (EndNote, RefMan, ProCite), ReDIF
Length: 37
Date of creation: Aug 1999
Date of revision:
Publication status: published in Journal of Productivity Analysis; 11(3), June 1999, pages 219-41.
Handle: RePEc:cre:uqamwp:9908

Contact details of provider:
Postal: P.O. Box 8888, Downtown Station, Montreal (Canada) Quebec, H3C 3P8
Phone: (514) 987-4114
Fax: (514) 987-8494
Email:
Web page: http://www.uqam.ca/economie/
More information through EDIRC

For technical questions regarding this item, or to correct its listing, contact: (Stéphane Pallage).

Related research
Keywords: Dynamic duality; Investment; Expectations; Expected future cost function; Factor demands; Returns to scale; Technological change - Dualité dynamique; Investissement; Anticipations; Demandes de facteurs de production; Rendements d'échelle; Progrès technique.;

Other versions of this item:

This paper has been announced in the following NEP Reports: References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
  1. Shapiro, Matthew D, 1986. "The Dynamic Demand for Capital and Labor," The Quarterly Journal of Economics, MIT Press, vol. 101(3), pages 513-42, August. [Downloadable!] (restricted)
    Other versions:
Full references

Cited by:
(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

  1. Matteo Manera, 2006. "Modelling factor demands with SEM and VAR: an empirical comparison," Journal of Productivity Analysis, Springer, vol. 26(2), pages 121-146, October. [Downloadable!] (restricted)
    Other versions:
  2. Frank Asche & Subal Kumbhakar & Ragnar Tveteras, 2008. "A dynamic profit function with adjustment costs for outputs," Empirical Economics, Springer, vol. 35(2), pages 379-393, September. [Downloadable!] (restricted)
  3. Bertrand Koebel, 2000. "Prix virtuels en analyse de la production," Annales d'Economie et de Statistique, ADRES, issue 57, pages 10, Janvier-M. [Downloadable!]
Statistics
Access and download statistics

Did you know? RePEc stands for Research Papers in Economics.

This page was last updated on 2009-12-2.

This information is provided to you by IDEAS at the Department of Economics, College of Liberal Arts and Sciences, University of Connecticut using RePEc data on a server sponsored by the Society for Economic Dynamics.