Testing for the Existence of a Consistent Aggregate Index of Labor Inputs, (2005)
Berndt,Ernst R., Christensen,Laurits R.
The purpose of the report is to estimate a production function for U. S. manufacturing with the labor input disaggregated into production and nonproduction workers, and then to test whether a...
Berndt,Ernst R., Christensen,Laurits R.
The purpose of the report is to integrate the discussions on functional separability and substitution properties. In the context of production theory, the authors state and prove theorems which...
The Translog Production Function and Factor Substitution in U.S. Manufacturing 1929-1968, (1998)
Berndt,Ernst R., Christensen,Laurits R.
The paper contains an empirical application of the translog production function proposed by Christensen, Jorgenson, and Lau. The application is a study of substitution possibilities among equipment,...
Productivity in U.S. Railroads, 1951-1974
Douglas W. Caves, Laurits R. Christensen, Joseph A. Swanson
This paper develops estimates of U.S. railroad productivity by using methods based on the neoclassical theory of production. We find that railroad productivity grew at the average annual rate of 1.5...
Consistency of residential customer response in time-of-use electricity pricing experiments
Caves, Douglas W., Christensen, Laurits R., Herriges, Joseph A.
Modelling alternative residential peak-load electricity rate structures
Caves, Douglas W., Christensen, Laurits R., Herriges, Joseph A.
Douglas W. Caves, Laurits R. Christensen, Joseph A. Herriges
Hick's theorem permits aggregation of commodities when their relative prices are fixed, but, contrary to a widely expressed view, it does not require that they be aggregated. Even where commodities...
Economies of Density versus Economies of Scale: Why Trunk and Local Service Airline Costs Differ
Douglas W. Caves, Laurits R. Christensen, Michael W. Tretheway
There has been a perception that U.S. trunk airlines had an inherent cost advantage over smaller regional airlines because of economies of scale. We have formulated a general model of airline costs,...
Flexible Cost Functions for Multiproduct Firms.
Caves, Douglas W, Christensen, Laurits R, Tretheway, Michael W
Productivity Performance of U.S. Trunk and Local Service Airlines in the Era of Deregulation.
Caves, Douglas W, Christensen, Laurits R, Tretheway, Michael W