THE ROLE OF CURVATURE IN ESTIMATING ACCURATE DUAL FUNCTIONS

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dc.creatorTauer, Loren W.
dc.date2017-04-01T18:58:58Z
dc.date.accessioned2026-07-09T03:11:53Z
dc.descriptionA production function highly concave in inputs will have a dual profit function less convex in prices. Even large variations in prices will cause little variation in input usage and output, resulting in poor profit function estimates. This is demonstrated using Monte Carlo simulation with various curvatures and error structures.
dc.identifierdoi:10.22004/ag.econ.14752
dc.identifierhttps://ageconsearch.umn.edu/record/14752/files/wp0102.pdf
dc.identifierhttp://ageconsearch.umn.edu/record/14752
dc.identifier.urihttp://hdl.handle.net/123456789/528288
dc.languageeng
dc.publisher
dc.sourcehttp://ageconsearch.umn.edu/record/14752
dc.titleTHE ROLE OF CURVATURE IN ESTIMATING ACCURATE DUAL FUNCTIONS
dc.typeText

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