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Bayesian Inferences on Fourier Flexible Functional Form in Agricultural Production AgEcon
Featherstone, Allen M.; Cader, Hanas A..
Flexible functional forms are used to examine the characteristics of production technologies. The Fourier functional form is capable of approximating any function globally, with the specified expansion. Unfortunately the exact form of the expansion is not known. The regularity conditions are likely to be violated without the exact form of expansion. In this paper we use a Bayesian approach to impose regularity conditions locally on a Fourier flexible functional from using agricultural production data. Monotonicity, concavity, convexity and elasticities are compared.
Tipo: Conference Paper or Presentation Palavras-chave: Cost function; Flexible functional form; Fourier series; Markov Chain Monte Carlo; Research Methods/ Statistical Methods.
Ano: 2005 URL: http://purl.umn.edu/19228
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PREDICTING HOUSEHOLD WATER CONSUMPTION UNDER A BLOCK PRICE STRUCTURE AgEcon
Cader, Hanas A.; Marsh, Thomas L.; Peterson, Jeffrey M..
This study focuses on estimating the variations in per-capita water consumption and predicting the shares of consumption by pricing blocks in eight Kansas regions. Previous studies have considered household or micro-level consumption, but few have focused on aggregate level consumption across different regions. A probit model was used to estimate the consumption shares in individual blocks for each region. Per-capita water consumption varies significantly across the regions and as we move from Western to Eastern Kansas, shares of lower consumption block decrease and higher consumption block likely to increase.
Tipo: Conference Paper or Presentation Palavras-chave: Resource /Energy Economics and Policy.
Ano: 2004 URL: http://purl.umn.edu/36241
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Choice of the Empirical Definition of Zero in the Translog Multiproduct Cost Functional Form AgEcon
N'Guessan, Yapo G.; Featherstone, Allen M.; Cader, Hanas A..
This study examines the impacts of empirical definition of zero output values on price elasticities, economy of scope, and scale using the Translog cost function. A system of cost and factor share equations with regularity conditions imposed is estimated. Results show that the choice of default values affects policy recommendations.
Tipo: Conference Paper or Presentation Palavras-chave: Research Methods/ Statistical Methods.
Ano: 2005 URL: http://purl.umn.edu/35369
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