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...
| Publicado en: | Journal of Econometrics Vol. 108; no. 1; pp. 199 - 203 |
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| Formato: | Artículo |
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Elsevier Science
May 2002
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| Acceso en línea: | Ver este registro en EBSCOhost |