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- A Flexible Approach To Estimating Production Functions: When Output Prices Are Unobserved
- There exists significant price dispersion in many industries. As a consequence the value of output is not necessarily a good measure of the quantity of output. Estimation of production functions for these types of goods is thus challenging since quantities and prices of output are typically not separately observed by...
- White papers 2006-07-12
- R&D And Productivity: Estimating Production Function When Productivity Is Endogenous
- We develop a simple estimator for production functions in the presence of endogenous productivity change that allows us to retrieve productivity and its relationship with R&D at the firm level. We relax the assumptions on the R&D (Research & Development) process and examine the impact of the investment in knowledge...
- White papers 2007-04-01
Additional Resources
- Productivity and Economies of Scale in the Production of Bank Service Value Added
- This paper uses a new measure of bank service output to estimate various specifications of production and cost functions for Bank Holding Companies BHCs over the period 1986 to 1999. The new output series is a true flow measure of bank service value added, and it follows from a unified...
- White papers 2003-09-01
- Using an empirically estimated production function for Major League Baseball to examine worker disincentives associated with multi-year contracts
- 1. IntroductionAs an industry, Major League Baseball can serve as a wonderful laboratory for economists. Few other industries are as conscientious in collecting production data and reporting them openly: production statistics, both on the input side individual player statistics and on the output side (team won/loss record), are available every...
- Research articles 1997-09-22
- Output Regulation Of Multiproduct Firms: An Application Of The Quadratic Profit Function
- The paper employs the Symmetric Normalised Quadratic SNQ profit function presented by Kohli (1993) to estimate for interaction effects between restricted and unrestricted outputs in firm production. Based on data for individual firms, the profit function is employed for revealing the spillover effects between regulated and unregulated outputs, the elasticities...
- White papers 2004-05-01
- Function-fortified master batch.(NEWS PRODUCTS)(Brief article)
- The function-fortified master batch project completed by Guangdong Dongguan Jinfuliang Plastic Materials Co., Ltd. has recently passed the research achievement appraisal organized by the Science and Technology Bureau of Dongguan. The project has a total investment of RMB5.5 million made by Dongguan Jinfuliang plastic Materials Co.,...
- Research articles 2007-03-06
- IRAN: LOCAL PRODUCTION OF PEUGEOT 206 COMMENCES.
- According to IRNA, Iran commissioned the production line of Peugeot 206. Industries and Mines Minister Es'haq Jahangiri, attending the function held in Iran Khodro industrial group, said that restrictions have been scrapped against 1,000 ... According to IRNA, Iran commissioned the production line of Peugeot ...
- Research articles 2001-04-19
- Managing Milk Composition: Maximizing Rumen Function
- This fact sheet discusses several strategies that producers can use to enhance rumen function and the resulting milk components. Various feeding management practices impact the levels of milk fat and protein concentration in raw milk. Feeding strategies that optimize rumen function also maximize milk production and milk component percentages and...
- White papers 2003-08-01
- Imports And Productivity
- What is the effect of imports on productivity? To answer this question, we estimate a structural model of producers using product-level import data for a panel of Hungarian manufacturing firms from 1992 to 2001. In our model with heterogenous firms, producers choose to import or purchase domestically varieties of intermediate...
- White papers 2005-06-29
- Ryuko Nippon: Trading houses exhibiting specialized producing function
- Trading houses are operating contract production for apparel firms, specialty stores for private label apparel SPAs, mass-- merchandisers and department stores. Previously, it was considered normal for a trading house to have the producing function so as to enable preparation of full line-ups of one brand. This year, however, there...
- Research articles 2002-11-01
- TOPCALL Named Global Leader of Production Fax Server Market; DICOM Group Unit Highlighted in New Davidson Consulting Report on Multi-Function Printers and Fax Over IP Systems.
- M2 PRESSWIRE-31 January 2007-DICOM Group: TOPCALL Named Global Leader of Production Fax Server Market; DICOM Group Unit Highlighted in New Davidson Consulting Report on Multi-Function Printers and Fax Over IP SystemsC1994-2007 M2 COMMUNICATIONS LTD RDATE:31012007 DICOM Group plc ("DICOM Group"), a...
- Research articles 2007-01-31
- Don't let automation erode quality control.(Blow Moulding)
- How do you approach on-line testing? Is it a function of manufacturing because it's on-line? Or is it a QC function that happens to be somewhere outside the laboratory? Testing that was once done by QC personnel can now be automated as a production function. This ...
- Research articles 2003-09-01
- Does Scale Efficiency Tell Us Anything About Optimal Scale?
- In DEA, scale efficiency is routinely calculated. This measure may, however, tell us very little about whether a production unit is over- or undersized. An empirical case is used to illustrate that, under some circumstances, scale inefficiency may simply reflect that a production unit is producing too little, given its...
- White papers 2005-04-01
- Honda to Strengthen Production System in Japan
- Tokyo, Japan, Sept 20, 2006 - JCN Newswire - Honda Motor Co., Ltd. today announced that it will consolidate all motorcycle production in Japan at its Kumamoto Factory to strengthen the plant's global leader function for motorcycle production. The move is being made in response to the evolution of...
- Research articles 2006-09-20
- Real-World Contingency Planning Keeps Plywood Production on Track
- "This articles explains the case study based on the theory and consequences of three-dimensional modeling and decision-making for improving the finance function. It states about major wood products company during the 1994 to 1995 timeframe to develop an intelligent chess-like model of competitors' behavior in a high-stakes, capital-...
- White papers 2003-01-01
- Managing Milk Composition: Feed Additives and Production Enhancers
- This paper discusses about, feeding strategies that optimize rumen function result in maximum milk production and milk component percentages and yield. Feed additives and management tools such as bST bovine somatotropin play an essential role in enhancing production and yield of milk and milk components. The need for a particular...
- White papers 2003-08-01
- Pricing, Production and Inventory Policies for Manufacturing With Stochastic Demand and Discretionary Sales
- This paper study jointly determining prices and production in a multiple period horizon under a general, non-stationary stochastic demand function with a discrete menu of prices. It is assumed that the available production capacity is limited and unmet demand is lost. The paper incorporates discretionary sales, when inventory may be...
- White papers 2005-08-01
- Foreign Technology Transfer And Productivity At The Plant Level
- Productivity growth is a driving factor for differential income levels across countries, which may be affected particularly for developing countries by technology transfer. The authors evaluate the existence and magnitudes of technology transfer productivity effects for Turkish manufacturing, based on imports, exports, licensing, and FDI Foreign Direct Investment, for plants...
- White papers 2005-06-17
- The Value Of Setup Cost Reduction And Process Improvement For The Economic Production Quantity Model With Defects
- This paper investigates the effect of imperfect yield on economic production quantity decisions. The production system is assumed to produce some time-varying proportion of defective parts which can be repaired at some unit cost. For a general defect rate function, the authors develop results that characterize the optimal run length...
- White papers 2004-11-29
- The Value Of Real And Financial Risk Management
- A firm is characterized as a nexus of projects with their associated cash flows. Production and operations activities and real risk management activities distribute cash flows over states of nature and time periods, leading to a transformation possibility frontier similar to a production function. The authors show how changes in...
- White papers 2005-12-01
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