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Memorandum, Department of Economics, University of Oslo >
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| Title: | | The composite mean regression as a tool in production studies  |
| Authors: | | Bjøntegård, Eivind |
| Issue Date: | | 1999 |
| Series/Report no.: | | Memorandum, Department of Economics, University of Oslo 1999,05 |
| Abstract: | | Johansen (1972) explains how a short run macro production function can be derived on the basis of a distribution of micro production units with respect to fixed input coefficients. The present note points out that the composite mean regression, introduced by Frisch (1929), can be useful in analysing some of the production models in Johansen (1972). The focus is on complementary, alternative and marginally independent production factors at the macro level in a production model which assumes efficient allocation of given quantities of inputs. |
| Subjects: | | Composite mean regression complementary alternative and marginally independent production factors macro production functions |
| Document Type: | | Working Paper |
| Appears in Collections: | | Memorandum, Department of Economics, University of Oslo
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