作者：Bierlen, R; Featherstone, AM
作者单位：University of Arkansas System; University of Arkansas Fayetteville; Kansas State University
摘要：This study used a 1976-1992 panel data set to test whether farm machinery investors face finance constraints. Tests were based on fundamental q investment equations in which cash flow was added as an additional explanatory variable. Results indicated that (1) credit constraints were generally not a problem during the 1970s boom, (2) credit constraints became a problem during the 1980s and early 1990s because of tighter credit and/or more conservative financial managerial styles, (3) the invest...
作者：Kolstad, CD; Turnovsky, MHL
作者单位：University of California System; University of California Santa Barbara; University of Washington; University of Washington Seattle
摘要：The paper is concerned with developing a production theory for the case when some inputs have nonlinear prices because the price depends on endogenous quality. This involves extending the notion of a cost function to the case where nonlinear prices are parameters of costs. After developing the appropriate theory, we apply our results to the case of coal-fired electric power generation where fuel quality depends on sulfur and ash impurities. Environmental regulations induce a negative value on ...
