1996
DOI: 10.1002/(sici)1099-1255(199603)11:2<179::aid-jae389>3.0.co;2-g
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Incorporating monotonicity and concavity conditions in flexible functional forms

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Cited by 160 publications

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“…This indicates that the unrestricted Translog production function used in this study does not fully satisfy the concavity requirement within the sample range. This finding is consistent with previous evidence that unrestricted Translog functions may violate regularity conditions in production theory ( Yang, 2020 ; Terrell, 1996 ; Henningsen and Henning, 2009 ). In other words, the flexibility of the Translog function improves its ability to capture complex input relationships, but it may also lead to local violations of monotonicity or concavity.…”
Section: Results
supporting
confidence: 92%