Browsing Dyson School Staff Papers by Author "Driscoll, Paul"

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A Monte Carlo Experiment Demonstrating Specifications Bias in Translog Cost Systems

Driscoll, Paul; Boisvert, Richard N. (Charles H. Dyson School of Applied Economics and Management, Cornell University, 1986-05)

A Monte Carlo experiment comparing translog cost and production systems indicates that the cost systems' biased estimates of returns to scale and input substitution elasticity's result from an error in variables problem ...