• Title of article

    Imposing inequality restrictions: efficiency gains from economic theory

  • Author/Authors

    Dorfman، Jeffrey H. نويسنده , , McIntosh، Christopher S. نويسنده ,

  • Issue Information
    روزنامه با شماره پیاپی سال 2001
  • Pages
    -204
  • From page
    205
  • To page
    0
  • Abstract
    Econometricians may feel that imposing inequality restrictions improves statistical efficiency, but no real empirical evidence exists. The results of a Monte Carlo experiment show that imposing the curvature conditions on a system of demand equations improves the MSEs on estimated elasticities from 3 to 50% depending on the signal-to-noise ratio and the sample size
  • Keywords
    Markov process , reversibility , Dynamic factors , Canonical analysis , Nonlinear
  • Journal title
    Economics Letters
  • Serial Year
    2001
  • Journal title
    Economics Letters
  • Record number

    21672

    • Link To Document
    https://search.isc.ac/dl/search/defaultta.aspx?DTC=10&DC=21672