Results 181 to 190 of about 17,937 (231)

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.
openaire   +1 more source

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.
openaire   +1 more source

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
openaire   +1 more source

A generalization of the Symmetric Translog functional form

Journal of International Economics
W Erwin Diewert
exaly   +2 more sources

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
openaire   +2 more sources

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 ...
openaire   +1 more source

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.
openaire   +1 more source

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).
openaire   +1 more source

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.
openaire  

The Translog Production Function and Variable Returns to Scale

The Review of Economics and Statistics, 1992
This paper examines existing methods of estimating the translog production function and provides a general framework that allows for variable returns to scale. The model is based on the inverse input demand function and embeds a nonhomothetic production technology. Previous estimation methods are valid only for homogeneous technologies with fixed scale
openaire   +1 more source