Question

Empirical evident of production function
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Answer 1

Answer:

This article tries to assess empirically the relative importance of the key factors determining a basketball team performance. For this, and considering performance to be the result of an underlying production process, we estimate a logit model where the output produced by a team is the game outcome and the inputs are those play characteristics that impact on that outcome. From the results obtained it seems that, on average, there is a substantial difference between the impact of each play characteristic on a team's winning probability and that probability varies as the quality/quantity of the inputs changes, albeit not proportionally.