A nonparametric test of quasiconcave production function with variable returns to scale

Sung Ko LI

Research output: Contribution to journalArticlepeer-review

1 Citation (Scopus)

Abstract

Modeling “quasiconcavity” and “variable returns to scale” simultaneously is a challenging task. This paper defines variable returns to scale vigorously and explores its relationships with elasticity of scale and S-shaped functions. To check empirical data for consistency with both properties, this paper extends the current nonparametric tests for quasiconcave function to include both increasing and decreasing returns to scale. To accomplish this task, an empirical quasiconcave production function that exhibits variable returns to scale is introduced.

Original languageEnglish
Pages (from-to)160-170
Number of pages11
JournalJournal of Mathematical Economics
Volume82
DOIs
Publication statusPublished - May 2019

Scopus Subject Areas

  • Economics and Econometrics
  • Applied Mathematics

User-Defined Keywords

  • Nonparametric tests
  • Quasiconcave production function
  • S-shaped production function
  • Variable returns to scale

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