Cost Function for Electricity Producers, 1955

Description

a cross-section from 1955 to 1955

number of observations : 159

observation : production units

country : United States

Usage

data(Nerlove)

Format

A dataframe containing :

cost

total cost

output

total output

pl

wage rate

sl

cost share for labor

pk

capital price index

sk

cost share for capital

pf

fuel price

sf

cost share for fuel

Source

Nerlove, M. (1963) Returns to scale in electricity industry in Christ, C. ed. (1963) Measurement in Economics: Studies in Mathematical Economics and Econometrics in Memory of Yehuda Grunfeld , Stanford, California, Stanford University Press .

Christensen, L. and W. H. Greene (1976) “Economies of scale in U.S. electric power generation”, Journal of Political Economy, 84, 655-676.

References

Greene, W.H. (2003) Econometric Analysis, Prentice Hall, https://archive.org/details/econometricanaly0000gree_f4x3, Table F14.2.

Hayashi, F. (2000) Econometrics, Princeton University Press, https://archive.org/details/econometrics0000haya, chapter 1, 76-84.

See Also

Index.Source, Index.Economics, Index.Econometrics, Index.Observations