This paper concerns itself with the following problem: Suppose the true production function is of the CES type with constant returns to scalle. If we fit an unrestricted Cobb-Douglas production function instead, what is the nature of the bias in the estimate of the returns to scale parameter?
MLA
Maddala, G. S., and J. B. Kadane. “Estimation of Returns to Scale and the Elasticity of Substitution.” Econometrica, vol. 35, .no 3, Econometric Society, 1967, pp. 419-423, https://www.jstor.org/stable/1905646
Chicago
Maddala, G. S., and J. B. Kadane. “Estimation of Returns to Scale and the Elasticity of Substitution.” Econometrica, 35, .no 3, (Econometric Society: 1967), 419-423. https://www.jstor.org/stable/1905646
APA
Maddala, G. S., & Kadane, J. B. (1967). Estimation of Returns to Scale and the Elasticity of Substitution. Econometrica, 35(3), 419-423. https://www.jstor.org/stable/1905646
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