Detail Quadratic Spline Models for Producer's Supply and Demand Functions   Oleh:  Diewert, W. E. ; Wales, T. J. Jenis: Article from Bulletin/Magazine Dalam koleksi: INTERNATIONAL ECONOMIC REVIEW vol. 33 no. 3 (1992), page 705-722. Topik: demand; quadratic spline models; producer's supply; demand functions Ketersediaan Perpustakaan Pusat (Semanggi) Nomor Panggil: II49.2 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada     Lihat Detail Induk Isi artikel In this paper we propose and estimate a system of producer output supply and input demand functions that generalizes the standard normalized quadratic form. The generalization adds either linear or quadratic splines in a time (or technical change) variable, yet retains the main attractive property of the normalized quadratic, which is that it can provide a local second order approximation while maintaining the correct curvature globally. However, the generalization has additional desirable approximation properties with respect to the splined variable, and thus permits a more flexible treatment of technical change than is provided by standard flexible functional forms. Opini Anda Klik untuk menuliskan opini Anda tentang koleksi ini! Kembali

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