Nerlove {Greene}R Documentation

Cost function, 145 U.S. Electricity Producers

Description

a cross-section from 1955

number of observations : 159

observation : firms

country : United States

Usage

data(Nerlove)

Format

A dataframe containing :

Firm
observation
Year
1955 for all observations
Cost
total cost
Output
total output
Pl
wage rate
Sl
cost share for labor
Pk
capital price index
Sk
cost share for capital
Pf
fuel price
Sf
cost share for fuel

Original description

“1955, data Nerlove.”

Note

“The data file contains several extra observations that are aggregates of commonly owned firms. Use only the first 145 for analysis.”

Source

Nerlove, M. (1963) Returns to scale in electricity industry in Christ, C. ed. (1963) Measurment in economics: studies in mathematical economics and econometrics in memory of Yehuda Grunfeld , Standford, California, Standford University Press . Christensen, L. and W. H. Greene (1976) “Economies of scale in U.S. electric power generation”, Journal of Political Economy , 84, 655-676.

References

Greene, W.H. (2003) Econometric Analysis, Prentice Hall, Table F14.2.


[Package Greene version 0.1-2 Index]