SPLINE FUNCTIONS: THEIR USE IN ESTIMATING NON-REVERSIBLE RESPONSE

John Groenewegen

No 13423, Staff Papers from University of Minnesota, Department of Applied Economics

Abstract: The Objectives of this paper are: (1) to introduce the concept of spline functions; and (2) to account for complete and partial non-reversibility with spline functions. This paper illustrates this approach using a supply response example.

Keywords: Research; Methods/Statistical; Methods (search for similar items in EconPapers)
Pages: 17
Date: 1979
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Persistent link: https://EconPapers.repec.org/RePEc:ags:umaesp:13423

DOI: 10.22004/ag.econ.13423

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