In modeling emissions, the literature has usually specified an explicit emission function, or treated emissions as a production input. We examine the validity of these approaches, taking into account ...

The lack of individual firm information on output prices is a major problem in the econometrics of production. In particular, it may be expected to account for a significant share of the large ...

In economics, production is the act of creating output, a good or service which has value and contributes to the utility of individuals. The act may or may not include factors of production other than ...

Prof. Tjalling C. Koopmans of the U.S. and Prof. Leonid Kantorovich of the Soviet Union… shared the 1975 Nobel Prize in Economics for their study into the supply and demand of goods and services.