Nonparametric estimation of concave production technologies by entropic methods
Gad Allon,
Michael Beenstock (),
Steven Hackman,
Ury Passy and
Alex Shapiro Additional contact information Gad Allon: Northwestern University
Steven Hackman: Georgia Tech
Ury Passy: Technion
Alex Shapiro: Georgia Tech
Abstract:
An econometric methodology is developed for nonparametric estimation of concave production technologies. The methodology, bases on the priciple of maximum likelihood, uses entropic distance and concvex programming techniques to estimate production functions.