Tastes and technology: curvature is not sufficient for regularity.

In specifications of tastes and technology, econometricians often impose curvature globally, but monotonicity only locally or not at all. In fact monotonicity rarely is even mentioned in that literature. But without satisfaction of both curvature and monotonicity, the second-order conditions for opt...

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Bibliographic Details

Published in:	Journal of Econometrics Vol. 108; no. 1; pp. 199 - 203
Main Author:	Barnett, William A.
Format:	Article
Published:	Elsevier Science May 2002
Subjects:	Mathematical finance Intermediation (Finance) Production functions (Economic theory)
Online Access:	View this record in EBSCOhost