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Revealed Preference and Time Series Analyses of U.S. Macroeconomic Aggregates

Maia Filho, Luiz Flavio - 2004

conclusions on the overall GARP-consistency of data and on weak separability of particular aggregates are affected by the … significant losses of information about the dynamic behavior of higher-frequency data. The power of the GARP test in datasets of … power of the GARP test. Finally, we apply Varian's tools to study for the first time a dataset including the value of …

Persistent link: https://www.econbiz.de/10009431210

Getting Implicit Shadow Prices Right for the Estimation of the Malmquist Index: The Case of Agricultural Total Factor Productivity in Developing Countries

Nin Pratt, Alejandro; Yu, Bingxin - 2009

The Malmquist index has become extensively used in international comparisons of agricultural productivity since it does not require prices for its estimation, which are normally not available. However, the DEA approach used to estimate this index still uses implicit price information. This...

Persistent link: https://www.econbiz.de/10009445211

A Bayesian approach to imposing curvature on distance functions

O'Donnell, Christopher J.; Coelli, Timothy J. - 2005

The estimated parameters of output distance functions frequently violate the monotonicity, quasi-convexity and convexity constraints implied by economic theory, leading to estimated elasticities and shadow prices that are incorrectly signed, and ultimately to perverse conclusions concerning the...

Persistent link: https://www.econbiz.de/10009479528

The shadow pricing of labour in cost benefit analysis of infrastructure projects : theory and application to Sydney's second airport project

Saleh, Iraj; Faculty of Business and Technology - University of Western Sydney, Macarthur; Department of … - 1997

In project appraisal of infrastructure projects, cost benefit analysis has an important role. One of the central concerns is to adjust the distortions in markets to provide a better guide to a more effective allocation of scarce resources. The objectives of this thesis are : to establish the...

Persistent link: https://www.econbiz.de/10009482084