Description
Springer Industrial Price Quantity And Productivity Indices The Micro-Economic Theory And An Application 1998 Edition by Bert M. Balk
Industrial Price Quantity and Productivity Indices: The Micro-Economic Theory and an Application gives a comprehensive account of the micro-economic foundations of industrial price quantity and productivity indices. The various results available from the literature have been brought together into a consistent framework based upon modern duality theory. This integration also made it possible to generalize several of these results. Thus this book will be an important resource for theoretically as well as empirically-oriented researchers who seek to analyse economic problems with the help of index numbers. Although this book's emphasis is on micro-economic theory it is also intended as a practical guide. A full chapter is therefore devoted to an empirical application. Three different approaches are pursued: a straightforward empirical approach a non-parametric estimation approach and a parametric estimation approach. As well as illustrating some of the more important concepts explored in this book and showing to what extent different computational approaches lead to different outcomes for the same measures this chapter also makes a powerful case for the use of enterprise micro-data in economic research. Table of contents : List of Figures. List of Tables. Preface. 1. Introduction. 2. Primal Representations of the Technology. 3. The Input Side of the Firm: Direct Functions and Indices. 4. The Output Side of the Firm: Direct Functions and Indices. 5. The Input Side of the Firm: Indirect Functions and Indices. 6. The Output Side of the Firm: Indirect Functions and Indices. 7. Profit Function Based Indices and Indicators. 8. An Application. 9. Some Extensions. Appendices: A. The `Translog' Identity. B. A Flexilibity Theorem. References. Index.