Imposing local concavity in the translog and generalized Leontief cost functions

Authors
Ryan, DL Wales, TJ
Citation
Dl. Ryan et Tj. Wales, Imposing local concavity in the translog and generalized Leontief cost functions, ECON LETT, 67(3), 2000, pp. 253-260
Citations number
5
Categorie Soggetti
Economics
Journal title
ECONOMICS LETTERS
ISSN journal
01651765 → ACNP
Volume
67
Issue
3
Year of publication
2000
Pages
253 - 260
Database
ISI
SICI code
0165-1765(200006)67:3<253:ILCITT>2.0.ZU;2-A
Abstract
We propose and illustrate a method for imposing concavity at a single point , which may result in concavity at many points, in the familiar Translog an d Generalized Leontief cost functions, while at the same time maintaining f lexibility of the forms. (C) 2000 Elsevier Science S.A. All rights reserved .