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A flexible, globally regular representation of convex production possibilities frontiers

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UNSPECIFIED (1999) A flexible, globally regular representation of convex production possibilities frontiers. JOURNAL OF PRODUCTIVITY ANALYSIS, 12 (2). pp. 153-159. ISSN 0895-562X

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Abstract

This note describes how a convex N-input- M-output production possibility frontier can be locally approximated by means of a flexible Nonseparable Nested Constant-Elasticity-of-Substitution/Constant-Elasticity-of-Transformation (NNCES-CET) restricted profit function. This technique yields a summary representation of technology sets that is globally regular and thus suitable for use in applications where regularity is crucial.

Item Type: Journal Article
Subjects: H Social Sciences > HF Commerce
H Social Sciences > HC Economic History and Conditions
H Social Sciences
Journal or Publication Title: JOURNAL OF PRODUCTIVITY ANALYSIS
Publisher: KLUWER ACADEMIC PUBL
ISSN: 0895-562X
Date: September 1999
Volume: 12
Number: 2
Number of Pages: 7
Page Range: pp. 153-159
Publication Status: Published
URI: http://wrap.warwick.ac.uk/id/eprint/14227

Data sourced from Thomson Reuters' Web of Knowledge

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