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  • © 2022

Handbook of Production Economics

  • Presents an overview of neoclassical production economics
  • Includes the Dual approach to production analysis and puts modern production economics in proper historical perspective
  • Includes comprehensive surveys of applications of the theoretical models and empirical applications in such sectors

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Table of contents (45 entries)

  1. Front Matter

    Pages i-xviii
  2. Theory

    1. Front Matter

      Pages 1-1
    2. Neoclassical Production Economics: An Introduction

      • Robert G. Chambers, Subhash C. Ray
      Pages 3-48
    3. Duality in Production

      • W. Erwin Diewert
      Pages 57-168
    4. Multiproduct Technologies

      • Rolf Färe, Daniel Primont, W. L. Weber
      Pages 169-214
    5. Functional Structure and Aggregation

      • Daniel Primont
      Pages 215-257
    6. Elasticities of Substitution

      • R. Robert Russell
      Pages 259-294
    7. Distance Functions in Production Economics

      • Robert G. Chambers, Rolf Färe
      Pages 295-329
    8. Stochastic Frontier Analysis: Foundations and Advances I

      • Subal C. Kumbhakar, Christopher F. Parmeter, Valentin Zelenyuk
      Pages 331-370
    9. Stochastic Frontier Analysis: Foundations and Advances II

      • Subal C. Kumbhakar, Christopher F. Parmeter, Valentin Zelenyuk
      Pages 371-408
    10. Activity Analysis in Production Economics

      • Thijs ten Raa
      Pages 471-482
    11. Bad Outputs

      • Sushama Murty, R. Robert Russell
      Pages 483-535
    12. Market Structures in Production Economics

      • Devin Garcia, Levent Kutlu, Robin C. Sickles
      Pages 537-574
    13. Production Under Uncertainty

      • Robert G. Chambers
      Pages 575-610
    14. Dynamic Analysis of Production

      • Spiro E. Stefanou
      Pages 611-639
    15. Cost, Revenue, and Profit Function Estimates

      • Levent Kutlu, Shasha Liu, Robin C. Sickles
      Pages 641-679
    16. Scale Elasticity and Returns to Scale

      • Victor V. Podinovski, Finn R. Førsund
      Pages 681-719
    17. Nonconvexity in Production and Cost Functions: An Exploratory and Selective Review*

      • Walter Briec, Kristiaan Kerstens, Ignace Van de Woestyne
      Pages 721-754

About this book

This three-volume handbook includes state-of-the-art surveys in different areas of neoclassical production economics. Volumes 1 and 2 cover theoretical and methodological issues only. Volume 3 includes surveys of empirical applications in different areas like manufacturing, agriculture, banking, energy and environment, and so forth.

Editors and Affiliations

  • Department of Economics, University of Connecticut, Storrs, USA

    Subhash C. Ray

  • Department of Agricultural and Resource Economics, University of Maryland, College Park, USA

    Robert G. Chambers

  • Department of Economics, Binghamton University, Binghamton, USA

    Subal C. Kumbhakar

About the editors

Subhash C. Ray is a Professor of Economics at the University of Connecticut, USA. His principal area of research is nonparametric measurement of productivity and efficiency using Data Envelopment Analysis (DEA). His reference textbook Data Envelopment Analysis: Theory and Techniques for Economics and Operations Research (Cambridge University Press) was published in 2004. He is an Associate Editor of Journal of Productivity Analysis. He has served as guest editor of special issues of Journal of Productivity Analysis and  Indian Economic Review. He was a member of the Editorial Board of Indian Economic Review. He has lectured and conducted workshops on DEA in different countries including China, India, Korea, England, Brazil, Peru, Germany, Malaysia, and Turkey, among others. He received the W.W. Cooper Lifetime Contribution Award from International DEA Society in 2016.

Robert G. Chambers wasborn in Washington, DC and raised in nearby Rockville, Maryland. He received his undergraduate training at Georgetown University, his MS degree from the University of Maryland, and his PhD from the University of California (Berkeley). He joined the faculty at the University of Maryland in 1979 and has been there ever since apart from leave to serve as Senior Economist at the US President’s Council of Economic Advisers. He is a Fellow of the Agricultural and Applied Economics Association. His areas of interest include production economics, microeconomic theory, decision-making under uncertainty, and agricultural economics. He is married and has three sons, Christopher, Geoffrey, and Timothy. He currently resides in Maryland, New York, and New Mexico with his wife, Michelle, his youngest son, Tim, and their Portuguese Water Dogs, Nelson and Skipper.

Subal Kumbhakar Professor Subal C. Kumbhakar (http://bingweb.binghamton.edu/~kkar/) is a University Distinguished Research Professor in Economics at the State University of New York at Binghamton. His main area of research is applied microeconomics with a focus on estimation of efficiency in production using cross-sectional and panel data.

Professor Kumbhakar is a Fellow of Journal of Econometrics (1998) and a distinguished author of Journal of Applied Econometrics (2017). He holds an Honorary Doctorate degree (Doctor Honoris Causa) from Gothenburg University, Sweden (1997).

              Professor Kumbhakar is currently a co-editor of Empirical Economics and served as an associate editor of Empirical Economics since 2001, American Journal of Agricultural Economics (1997-1999). He is serving as a Board of Editors of Journal of Productivity Analysis since 1998, Technological Forecasting and Social Change: An International Journal since 1991, and International Journal of Business and Economics since 2002, Macroeconomics and Finance in Emerging Market Economies since 2007, Applied Econometrics, http://appliedeconometrics.cemi.rssi.ru/AppEc_en.html since 2016, Ecos de Economía: A Latin American Journal of Applied Economics, http://publicaciones.eafit.edu.co/index.php/ecos-economia/index since 2016. He is a Board Member of Journal of Regulatory Economics since 2015.

Professor Kumbhakar is the co-author (with Knox Lovell) of Stochastic Frontier Analysis (2000), A Practitioner's Guide to Stochastic Frontier Analysis Using Stata (with Hung-Jen Wang and A. Horncastle) (2015) both published by the Cambridge University Press. 

Google Scholar Citations: https://scholar.google.com/citations?user=-rB5HVsAAAAJ&hl=en

Wikepedia: https://en.wikipedia.org/wiki/Subal_Kumbhakar

Personal webpage: https://sites.google.com/binghamton.edu/subalckumbhakar/home

Bibliographic Information

Buy it now

Buying options

eBook USD 339.00
Price excludes VAT (USA)
  • Available as EPUB and PDF
  • Read on any device
  • Instant download
  • Own it forever
Hardcover Book USD 899.99
Price excludes VAT (USA)
  • Durable hardcover edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Other ways to access