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Validating Allocation Functions in Energy Models: A Comment

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  • David B. Reister

Abstract

In their recent paper, Smith and Hill (1985) perform a numerical experiment to compare three allocation functions: translog, logistic, and probabilistic. They found that the logistic function was generally better than the other two alternatives and that the probabilistic function was distinctly inferior to other methods in nearly all experiments. They observe that the probabilistic function has wide application in energy models and hope that their paper may dampen the enthusiasm for the probabilistic function.

Suggested Citation

  • David B. Reister, 1987. "Validating Allocation Functions in Energy Models: A Comment," The Energy Journal, International Association for Energy Economics, vol. 0(Number 1), pages 151-152.
    • Handle: RePEc:aen:journl:1987v08-01-a11
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    JEL classification:

    • F0 - International Economics - - General

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