Neoclassical econometrics : non-negativity constraints (English)

The paper considers the problem of determining the parameters in equality-constrained neoclassical economic models in which the decision variables are also constrained to be non-negative. Such problems frequently arise in models of household and farmer behavior. The household maximizes utility subject to income and/or time constraints and the fact that its demand for various goods and services and its supply to various segments of the lab market are...

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Author

Hartley,Michael John;
Document Date
1985/10/01
Document Type
Departmental Working Paper
Report Number
DRD137
Volume No
1
Total Volume(s)
1
Country
World,
Region
Other,
Disclosure Date
2010/07/01
Disclosure Status
Disclosed
Doc Name
Neoclassical econometrics : non-negativity constraints
Keywords
dynamic programming

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Citation

Hartley,Michael John.

Neoclassical econometrics : non-negativity constraints (English). Development Research Department discussion paper ; no. DRD 137 Washington, DC: World Bank. http://documents.worldbank.org/curated/en/338521468157776735

Neoclassical econometrics : non-negativity constraints (English)

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