Confidence Intervals for Elasticities and Flexibilities
Catherine Kling () and
Richard J. Sexton
No 270866, 1990 Annual meeting, August 5-8, Vancouver, Canada from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)
This paper examines methods for constructing confidence intervals around elasticity and flexibility point estimates, including three bootstrap-based appipaches, a Taylor's series approximatioq, and approaches proposed by Fieller and Scheffe. Results show that all methods except Scheffe's worked reasonably well, but the Fieller and Taylor's series methods outperformed the bootstrapped-generated intervals.
Keywords: Agricultural and Food Policy; Financial Economics (search for similar items in EconPapers)
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