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by alinapop
Fri Jul 01, 2016 11:58 pm
Forum: Estimation
Topic: Estimation of Restricted Cobb-Douglas Production Function
Replies: 13
Views: 9642

Re: Estimation of Restricted Cobb-Douglas Production Functio

this si the translog cost function ln(C(q;wL,wK,wM)) = c + cq * ln(q) + cL * ln(wL) + cK * ln(wK) + cM * log(wM) + .5 * [dqq * ln(q)^2 + dLL * ln(wL)^2 + dKK * ln(wK)^2 + dMM * ln(wM)^2] + .5 * [(dLK + dKL) * ln(wL)*ln(wK) + (dLM + dML) * ln(wL)*ln(wM) + (dKM + dMK) * ln(wK)*log(wM)] + dLq * ln(wL)*...
by alinapop
Thu Jun 30, 2016 8:06 am
Forum: Estimation
Topic: Estimation of Restricted Cobb-Douglas Production Function
Replies: 13
Views: 9642

Re: Estimation of Restricted Cobb-Douglas Production Functio

HI, i want to estimate a translog cost function and I need to put some restrictions, I used the following model log(y) = c(1) +c(2)*log(k) + c(3)*log(N) + (1-c(2)-c(3))*log(L) I get the cofficient for c(1), c(2), c(3) For (1-c(2)-c(3))*log(L) am I suppose to just do 1 minus the results for the two c...

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