Texas Field Crops: Estimation With Curvature
Some implications of theory are easily maintained in econometric estimation, but computational costs of maintaining curvature properties (sufficient for existence of an optimal solution) have often proved prohibitive. They also have been violated frequently by unrestricted econometric estimates. A computationally manageable procedure for maintaining and testing curvature is used here to obtain estimates of product supplies and input demands for Texas field crops consistent with the theory of the competitive industry. The curvature properties are tested along with several technology restrictions.
Volume (Year): 15 (1990)
Issue (Month): 01 (July)
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- Jere R. Behrman & Murty K. N., 1985. "Market Impacts of Technological Change for Sorghum in Indian Near-Subsistence Agriculture," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 67(3), pages 539-549.
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"Imposing Curvature Restrictions on Flexible Functional Forms,"
538, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
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- Dale W. Jorgenson & Lawrence J. Lau, 1975. "The Structure of Consumer Preferences," NBER Chapters, in: Annals of Economic and Social Measurement, Volume 4, number 1, pages 49-101 National Bureau of Economic Research, Inc.
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