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A NOTE ON SOME DIFFICULTIES IN RESPONSE ANALYSIS
Author(s) -
Anderson Jock R.
Publication year - 1968
Publication title -
australian journal of agricultural economics
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.683
H-Index - 49
eISSN - 1467-8489
pISSN - 0004-9395
DOI - 10.1111/j.1467-8489.1968.tb00566.x
Subject(s) - production (economics) , sensitivity (control systems) , variation (astronomy) , economics , value (mathematics) , econometrics , microeconomics , mathematics , statistics , engineering , physics , electronic engineering , astrophysics
Some empirical problems which tend to receive inadequate attention in response analysis are discussed. These include the variation not explained by fitted production functions, the sensitivity of optima and profits to price changes, the cost of developing production functions and the value in using them.