Showing 1 - 10 of 26
In 1944, Marschak and Andrews published a seminal paper on how to obtain consistent estimates of a production … with the first-order necessary conditions for profit-maximizing behavior. In the seventies, with the advent of econometric …-versus-dual debate with a provocative paper titled “"Production Function Estimation: Reviving the Primal."” In that paper, the author …
Persistent link: https://www.econbiz.de/10009443573
In 1944, Marschak and Andrews published a seminal paper on how to obtain consistent estimates of a production … with the first-order necessary conditions for profit-maximizing behavior. In the seventies, with the advent of econometric …-versus-dual debate with a provocative paper titled “Production Function Estimation: Reviving the Primal.” In that paper, the author …
Persistent link: https://www.econbiz.de/10009445301
subjective exogenous information that affects the estimated parameters in an unpredictable way. This paper presents novel maximum …
Persistent link: https://www.econbiz.de/10005513646
It is well known that consistent estimators of errors-in-variables models require knowledge of the ratio of error …
Persistent link: https://www.econbiz.de/10005468665
Price risk in a mathematical programming framework has been confined for a long time to a constant risk aversion … specification originally introduced by Freund in 1956. This paper extends the treatment of risk in a mathematical programming …
Persistent link: https://www.econbiz.de/10010891696
A test of the adding up condition in demand systems is crucial for determining whether a share format is admissible … the estimation of a demand system in a quantity format. The share specification of any demand system is like a straight …, QUAIDS and EASI. The hypothesis is rejected in all three cases with a high level of confidence. …
Persistent link: https://www.econbiz.de/10010882499
The paper presents an estimator of the errors-in-variables in multiple regressions using only first and second … conjecture that the estimator is consistent. The proof of consistency, to be dealt in another paper, is based upon the … assumptions of Kiefer and Wolfowitz (1956). The novel treatment of the errors-in-variables model relies crucially upon a neutral …
Persistent link: https://www.econbiz.de/10011070558
number of commodity choices available to consumers. In this case, the demand system is incomplete. The large majority of … papers that appeared in the literature specifies and estimates a demand system in share format even when the system may be …-up condition. This test, however, requires the estimation of a demand system in quantity format. …
Persistent link: https://www.econbiz.de/10010921484
likelihood function, given the sample information. This is the primal approach that, in this paper, is presented as a … equal to the vector of residuals scaled by the variance of those residuals. The novel contribution of this paper consists in …
Persistent link: https://www.econbiz.de/10010921485
Persistent link: https://www.econbiz.de/10010921486