The Econometrics of Joint Production: Another Approach

James Milton Griffin

45 citations0/0 files storedThe Review of Economics and Statistics

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Efficiency Analysis Using DEA Merger and Competition Analysis Energy, Environment, and Transportation Policies

Abstract

The pseudo data approach to the joint production of petroleum refining and chemicals is described as an alternative that avoids the multicollinearity of time series data and allows a complex technology to be characterized in a statistical price possibility frontier. Intended primarily for long-range analysis, the pseudo data method can be used as a source of elasticity estimate for policy analysis. 19 references.

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References

1973Transcendental Logarithmic Production Frontiers 1963Production and Cost Functions: An Econometric Survey 1973The Specification of Technology with Several Kinds of Output 1968Econometrics of Joint Production

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