Results 181 to 190 of about 15,046 (215)

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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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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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 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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Environmental efficiency measurement with translog distance functions: A parametric approach

Ecological Economics, 2009
We introduce new specifications and estimation procedures of traditional distance functions that allow researchers to undertake environmental efficiency and productivity studies within a parametric stochastic framework. Relying on a translog distance function specification that treats the outputs' vector asymmetrically by allowing equiproportional ...
Cuesta, Rafael A., Lovell, C.A. Knox, Zofio, Jose L.   +2 more
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A Translog Cost Function Analysis of U.S. Agriculture: 1948-1999

2003
This study examines the implications of the short-run specification of the standard, static translog cost function along with the possible implications of non-stationarity by estimating a dynamic translog cost specification complete with dynamic share equations for the U.S. using an empirical approach developed by Urga and Walters (2003).
Ball, V. Eldon, Nehring, Richard F., Moss, Charles B., Erickson, Kenneth W., Ball, V. Eldon, Nehring, Richard F., Moss, Charles B., Erickson, Kenneth W.   +7 more
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The CES‐‐Translog Production Function, Returns to Scale and AES

Bulletin of Economic Research, 2001
The translog functional form imposes no a priori restrictions on the substitution possibilities between the factor inputs, by relaxing the assumption of strong separability, and the CES–translog cost function specification allows for testing homothetic technology with Hicks‐neutral technical change.
Kern O. Kymn, John J. Hisnanick
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Energy demand models based on the translog and CES functions

Energy, 1981
Abstract The translog function is a flexible form but does not have good global properties. The CES function has good global properties but is not a flexible form. For energy demand models that should be valid in a large domain, global properties are important. The translog function provides a second-order approximation to the cost function, a first-
David B. Reister, James A. Edmonds
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Measuring Scale Efficiency from a Translog Production Function

Journal of Productivity Analysis, 1999
In parametric analysis based on a frontier production function, usually the scale elasticity rather than scale efficiency level is reported. In this paper we show how one can use an estimated translog production function to obtain output- and input-oriented measures of scale efficiency at an observed input bundle.
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