Results 181 to 190 of about 17,721 (215)

The Minflex Laurent Translog Flexible Functional Form

Journal of Econometrics, 1985
The author's minflex-Laurent generalized Leontief model [see ''The flexible Laurent demand system'', Proc. 1982 Am. Econ. Assoc. Meet., Business Econ. Stat. Sect., 82-89 (1982)] was produced from a special case of a second-order Laurent series expansion in the square roots. In this paper we produce a minflex-Laurent translog flexible functional form by
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Accuracy of the translog function

Applied Economics Letters, 1994
There has been some discussion of the accuracy of the translog approximation. Various simulation studies have generated different assessments. It is shown that when data are generated using known elasticities but no explicit production or cost function, the translog estimates of own price and cross-price elasticities prove reasonably accurate.
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Nesting the Aids and Translog Demand Systems

International Economic Review, 1989
This paper shows that there exists a relatively simple demand model that is consistent with utility maximization, and has nested within it both the almost ideal demand system and translog models. This model is exactly aggregated, then estimated using aggregate U.S. demand data.
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Third-Order Translog Utility Functions

Journal of Business & Economic Statistics, 1986
This article examines the advantages of estimating a third-order rather than a second-order translog utility function in a theoretical and empirical context. It is demonstrated that the rigor of tests for appropriate functional form is increased by increasing the order of approximation.
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Import Demand for India: A Translog Cost Function Approach

Economic Development and Cultural Change, 1984
Most developing countries depend heavily on imported resources in the form of raw materials or supplemental capital to increase their per capita income. However, most of the conventional macromodels have neglected the factor input aspect of imports.
Mohabbat, Khan A, Dalal, Ardeshir, Williams, Martin   +2 more
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Dual Second‐ and Third‐Order Translog Models of Production

American Journal of Agricultural Economics, 1991
AbstractMonte Carlo evidence indicates that translog cost and profit models are generally incapable of accurately characterizing the underlying production technology. In order to discriminate between tracking difficulties caused by truncation of important high‐order terms and errors in variable bias, Monte Carlo experiments are performed with secondand
Paul J. Driscoll, Richard Boisvert
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A Translog Cost Function for Urban Bus Transit

The Journal of Industrial Economics, 1981
SEVERAL authors-among them Fisher and Viton [8], Keeler et al. [i2], Pozdena [I 7], and Small [22, 23] have pointed out the apparent superiority of bus transit over other forms of mass transit. The conclusions of these analyses rest on the following framework: in a given transportation market structure, consider the full costs of providing a trip of ...
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Aids, translog, and the Gorman polar form

Economics Letters, 1987
Abstract All budget share models that are linear in the log of income can be derived from Gorman polar form subutility functions. Implications of this result for two-stage budgeting, lifetime utility maximization, and social welfare calculations are discussed.
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Translog Production Function - A Review of Literature

Artha Vijnana: Journal of The Gokhale Institute of Politics and Economics, 1983
Over the last fifty years an extensive amount of literature has developed centering around the theory of production. Earlier research work in this area concentrated largely on a few specific functional forms for the production relationship, the two most popular being the Cobb-Douglas and CES models (Cobb-Douglas (1928) and Arrow and others (1961).
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The Almost Ideal and Translog Demand Systems [PDF]

, 2009
This chapter reviews the specification and application of the Deaton and Muellbauer (1980) Almost Ideal Demand System (AIDS) and the Christensen, Jorgensen, and Lau (1975) tranlog (TL) demand system. In so doing we examine various refinements to these models, including ways of incorporating demographic effects, methods by which curvature conditions can
Holt, Matthew T., Goodwin, Barry K.
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