A Flexible, Globally Regular Representation of Convex Production Possibilities Frontiers

Carlo Perroni

Journal of Productivity Analysis, 1999, vol. 12, issue 2, 153-159

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. Copyright Kluwer Academic Publishers 1999

Keywords: Profit functions; Flexible functional forms (search for similar items in EconPapers)
Date: 1999
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DOI: 10.1023/A:1007811330681

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