| Registro completo |
| Provedor de dados: |
AgEcon
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| País: |
United States
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| Título: |
Bayesian Inferences on Fourier Flexible Functional Form in Agricultural Production
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| Autores: |
Featherstone, Allen M.
Cader, Hanas A.
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| Data: |
2005-05-16
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| Ano: |
2005
|
| Palavras-chave: |
Cost function
Flexible functional form
Fourier series
Markov Chain Monte Carlo
Research Methods/ Statistical Methods
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| Resumo: |
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.
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| Tipo: |
Conference Paper or Presentation
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| Idioma: |
Inglês
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| Identificador: |
16402
http://purl.umn.edu/19228
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| Editor: |
AgEcon Search
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| Relação: |
American Agricultural Economics Association>2005 Annual meeting, July 24-27, Providence, RI
Selected Paper 136705
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| Formato: |
25
application/pdf
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