Technological change and deregulation have caused a major restructuring of the telecommunications equipment industry over the last two decades. Our empirical focus is on estimating the parameters of a production function for the equipment industry. Our algorithm produces markedly different and more plausible estimates of production function coefficients than do traditional estimation procedures.
Technological change and deregulation have caused a major restructuring of the telecommunications equipment industry over the last two decades. Our empirical focus is on estimating the parameters of a production function for the equipment industry. Our algorithm produces markedly different and more plausible estimates of production function coefficients than do traditional estimation procedures.
Technological change and deregulation have caused a major restructuring of the telecommunications equipment industry over the last two decades. Our empirical focus is on estimating the parameters of a production function for the equipment industry. Our algorithm produces markedly different and more plausible estimates of production function coefficients than do traditional estimation procedures.