Theoretical consistency property applied to the micro-economic modelling with flexible functional forms

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216224%3A14560%2F02%3A00006435" target="_blank" >RIV/00216224:14560/02:00006435 - isvavai.cz</a>
Result on the web
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DOI - Digital Object Identifier
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Result language
angličtina
Original language name
Theoretical consistency property applied to the micro-economic modelling with flexible functional forms
Original language description
The paper brings a survey of flexible functional forms and summarizes the theoretical properties of several functional types(indirect utility,cost,expenditure function and the appropriate input demand systems).The notion of flexibility of the functionalform (relating to the character of its parameters), consistency with the economic theory (considered in contexts of producer or consumer behaviour) and the domain of applicability (towards admissible values of independent variables)are discussed. The comparative example based on the TRANSLOG and the generalized Leontief unit cost function is chosen to elucidate the main toipc of the article.
Czech name
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Czech description
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Type
J<sub>x</sub> - Unclassified - Peer-reviewed scientific article (Jimp, Jsc and Jost)
CEP classification
AH - Economics
OECD FORD branch
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Project
<a href="/en/project/GA402%2F99%2F0980" target="_blank" >GA402/99/0980: Macroeconomic modelling of the Czech economy: effect of monetary policy and growth</a><br>
Continuities
P - Projekt vyzkumu a vyvoje financovany z verejnych zdroju (s odkazem do CEP)

Publication year
2002
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

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