Accuracy of the translog function
AbstractThere 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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Bibliographic InfoArticle provided by Taylor & Francis Journals in its journal Applied Economics Letters.
Volume (Year): 1 (1994)
Issue (Month): 10 ()
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