An integration procedure for estimating cost functions from cross-sectional firm data is developed. The procedure is based upon the hypothesis that firms equate expected marginal revenue to marginal costs in deciding how much output to produce. Since the total cost function is the integral of the marginal cost function plus...
Published March 1970. Facts and recommendations in this publication may no longer be valid. Please look for up-to-date information in the OSU Extension Catalog: http://extension.oregonstate.edu/catalog
Published May 1968. Facts and recommendations in this publication may no longer be valid. Please look for up-to-date information in the OSU Extension Catalog: http://extension.oregonstate.edu/catalog