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| Nerlove   | R Documentation   |
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Cost Function for Electricity Producers, 1955
---------------------------------------------

Description
~~~~~~~~~~~

a cross-section from 1955 to 1955

*number of observations* : 159

*observation* : production units

*country* : United States

Usage
~~~~~

::

    data(Nerlove)

Format
~~~~~~

A dataframe containing :

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

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,
`http://www.prenhall.com/greene/greene1.html <http://www.prenhall.com/greene/greene1.html>`_,
Table F14.2.

Hayashi, F. (2000) *Econometrics*, Princeton University Press,
`http://www.e.u-tokyo.ac.jp/~hayashi/hayashi\_econometrics.htm <http://www.e.u-tokyo.ac.jp/~hayashi/hayashi_econometrics.htm>`_,
chapter 1, 76-84.

See Also
~~~~~~~~

``Index.Source``, ``Index.Economics``, ``Index.Econometrics``,
``Index.Observations``
