灵活函数形式与全局曲率条件

Flexible Functional Forms and Global Curvature Conditions

Econometrica · 1987
被引 689
人大 A+FT50ABS 4*

中文导读

针对经验估计中灵活函数形式常不满足理论曲率条件的问题,本文提出两种全局施加曲率条件的方法,并利用美国制造业数据验证。

Abstract

Empirically estimated flexible functional forms frequently fail to satisfy the appropriate theoretical curvature conditions. Lau and Gallant and Golub have worked out methods for imposing the appropriate curvature conditions locally, but those local techniques frequently fail to yield satisfactory results. We develop two methods for imposing curvature conditions globally in the context of cost function estimation. The first method adopts Lau's technique to a generalization of a functional form first proposed by McFadden. Using this Generalized McFadden functional form, it turns out that imposing the appropriate curvature conditions at one data point imposes the conditions globally. The second method adopts a technique used by McFadden and Barnett, which is based on the fact that a non-negative sum of concave functions will be concave. Our various suggested techniques are illustrated using the U.S. Manufacturing data utilized by Berndt and Khaled

全局曲率条件广义McFadden函数形式成本函数估计凹函数