Description Details Author(s) References
Functionalities to estimate a Cobb-Douglas production frontier from sample data through constrained least squares. It is possible to set a lower bound for the elasticities and/or the desired returns to scale, to predict the maximum producible output or technical efficiency, and to obtain boostrap confidence intervals for parameters and technical efficiencies.
Package: | CobbDouglas |
Type: | Package |
Version: | 0.1 |
Date: | 2021-05-12 |
License: | GPL-2 |
The main functions of the package are:
CobbDouglas, to estimate the frontier from sample data;
predict.CobbDouglas, to predict the maximum producible output or technical efficiency;
CobbDouglas_boot, to obtain bootstrap confidence intervals for parameters and technical efficiencies.
Alessandro Magrini <alessandro.magrini@unifi.it>
C. W. Cobb and P. H. Douglas (1928). A Theory of Production. American Economic Review, 18: 139-165.
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