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Concavity violations may indicate a misspecification of the underlying production model and result in biased elasticity estimates (Diewert and Wales 1987).
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As a non-parametric technique, it does not require knowledge of the underlying production function as opposed to typical econometric models.
The underlying productivity of English agriculture remained low, despite the increases in food production.
26 The findings of our first study 2 suggested that organisations' underlying values promoted health as a life resource which was necessary in the context of the extractive production model applied in small-scale agriculture.
Nissan Leaf 2011 production model / Steve Parker photo.
A production model would be much smaller.
But computer analysis of factories was only as good as the underlying formal model of how they actually work.
The intuition underlying the model is the following.
The basic assumptions underlying the model are as follows.
In Section 2, we introduce the underlying system model.
There's an underlying behavioral model, plus, you know your counter-parties.
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