Technical change in general milk processing is estimated on the basis of a homothetic frontier production function allowing neutrally variable scale elasticity. The results show that technical progress is characterized by a rapid increase in optimal scale and a small capital saving bias, increasing the marginal productivity of labor relative to capital. To characterize technical change, Salter's measures of bias and technical advance are utilized and interpreted within the framework of the efficiency concepts of Farrell.
MLA
Forsund, Finn R., and Lennart Hjalmarsson. “Frontier Production Functions and Technical Progress: A Study of General Milk Processing in Swedish Dairy Plants.” Econometrica, vol. 47, .no 4, Econometric Society, 1979, pp. 883-900, https://www.jstor.org/stable/1914137
Chicago
Forsund, Finn R., and Lennart Hjalmarsson. “Frontier Production Functions and Technical Progress: A Study of General Milk Processing in Swedish Dairy Plants.” Econometrica, 47, .no 4, (Econometric Society: 1979), 883-900. https://www.jstor.org/stable/1914137
APA
Forsund, F. R., & Hjalmarsson, L. (1979). Frontier Production Functions and Technical Progress: A Study of General Milk Processing in Swedish Dairy Plants. Econometrica, 47(4), 883-900. https://www.jstor.org/stable/1914137
We are deeply saddened by the passing of Kate Ho, the John L. Weinberg Professor of Economics and Business Policy at Princeton University and a Fellow of the Econometric Society. Kate was a brilliant IO economist and scholar whose impact on the profession will resonate for many years to come.
By clicking the "Accept" button or continuing to browse our site, you agree to first-party and session-only cookies being stored on your device. Cookies are used to optimize your experience and anonymously analyze website performance and traffic.