You can manage bookmarks using lists, please log in to your user account for this.
Media type:
E-Article
Title:
IDENTIFICATION PROPERTIES OF RECENT PRODUCTION FUNCTION ESTIMATORS
Contributor:
Ackerberg, Daniel A.;
Caves, Kevin;
Frazer, Garth
Published:
Econometric Society, 2015
Published in:
Econometrica, 83 (2015) 6, Seite 2411-2451
Language:
English
ISSN:
0012-9682;
1468-0262
Origination:
Footnote:
Description:
<p>This paper examines some of the recent literature on the estimation of production functions. We focus on techniques suggested in two recent papers, Olley and Pakes (1996) and Levinsohn and Petrin (2003). While there are some solid and intuitive identification ideas in these papers, we argue that the techniques can suffer from functional dependence problems. We suggest an alternative approach that is based on the ideas in these papers, but does not suffer from the functional dependence problems and produces consistent estimates under alternative data generating processes for which the original procedures do not.</p>