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Household Production and Consumption [PDF]

Laurits R. Christensen, Marilyn E. Manser   +1 more
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Modeling producer behavior by using the third-order translog cost function

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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
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A Translog Cost Function Analysis of U.S. Agriculture, 1939–77

American Journal of Agricultural Economics, 1982
AbstractThe translog cost function provides a convenient framework for analyzing U.S. agricultural production in a multioutput context. Treating crops and livestock as two distinct outputs, this study utilizes standard results of neoclassical duality theory to obtain measures of pairwise elasticities of substitution between inputs, price elasticities ...
Subhash C Ray
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Measuring Dynamic Marketing Mix Interactions Using Translog Functions

The Journal of Business, 1982
Jagpal et al. (1979) showed, using multiplicative nonhomogeneous (MNH) sales response functions, that current econometric specifications for measuring marketing mix interactions and/or carryover effects may be structurally restrictive, regardless of their predictive usefulness. They concluded that there is a need for more flexible specifications of the
Jagpal, Harsharanjeet S, Sudit, Ephraim F, Vinod, Hrishikesh D   +2 more
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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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The Translog Function

1987
The CES was a natural extension of the Cobb-Douglas in that it permitted the elasticity of substitution to be something other than unity. The next obvious step is to generate a function which allows the elasticity of substitution to change with output and/or factor proportions.
David F. Heathfield, Sören Wibe
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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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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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