Estimation of technical change and price elasticities: a categorical time–varying coefficient approach
We propose a categorical time-varying coefficient translog cost function, where each coefficient is expressed as a nonparametric function of a categorical time variable, thereby allowing each time period to have its own set of coefficients. Our application to U.S. electricity firms reveals that this...
| Main Authors: | , , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Springer New York LLC
2018
|
| Subjects: | |
| Online Access: | View Fulltext in Publisher |