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dc.contributorVirginia Techen
dc.contributor.authorDriscoll, P. J.en
dc.date.accessioned2014-05-14T14:25:07Zen
dc.date.available2014-05-14T14:25:07Zen
dc.date.issued1994-07en
dc.identifier.citationDriscoll, P. J., "When flexible forms are asked to flex too much," JARE 19(1):183-196 (1994); http://www.waeaonline.org/jareonline/archives/19.1%20-%20July%201994/JARE,Jul1994,pp183,Driscoll.pdfen
dc.identifier.issn0162-1912en
dc.identifier.urihttp://hdl.handle.net/10919/48000en
dc.description.abstractTaylor series-based flexible forms cannot be interpreted as Taylor series approximations unless all data used in estimation lie in a region of convergence. When flexible forms lose their Taylor series interpretation, elasticity estimates will be biased. When the flexible form is a translog, Rotterdam, or AIDS model, the region of convergence is shown to be the entire positive orthant. Regions of convergence associated with quadratic, Leontief, and any flexible form that does not employ logged arguments are smaller and may not encompass the entire data set. Implications for production and demand analyses and experimental design are discussed.en
dc.language.isoen_USen
dc.publisherWestern Agricultural Economics Associationen
dc.rightsIn Copyrighten
dc.rights.urihttp://rightsstatements.org/vocab/InC/1.0/en
dc.subjectflexible formsen
dc.subjectleontiefen
dc.subjectquadraticen
dc.subjectselecting functional formsen
dc.subjecttranslogen
dc.subjectunknown regression-functionsen
dc.subjectleast-squaresen
dc.subjectagricultural economics & policyen
dc.subjecteconomicsen
dc.titleWhen flexible forms are asked to flex too muchen
dc.typeArticle - Refereeden
dc.contributor.departmentAgricultural and Applied Economicsen
dc.identifier.urlhttp://www.waeaonline.org/jareonline/archives/19.1%20-%20July%201994/JARE,Jul1994,pp183,Driscoll.pdfen
dc.date.accessed2014-05-12en
dc.title.serialJournal of Agricultural and Resource Economicsen


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