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Spline Functions: Their Use In Estimating Non-Reversible Response

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  • Groenewegen, John

Abstract

The Objectives of this paper are: (1) to introduce the concept of spline functions; and (2) to account for complete and partial non-reversibility with spline functions. This paper illustrates this approach using a supply response example.

Suggested Citation

  • Groenewegen, John, 1979. "Spline Functions: Their Use In Estimating Non-Reversible Response," Staff Papers 13423, University of Minnesota, Department of Applied Economics.
    • Handle: RePEc:ags:umaesp:13423
    DOI: 10.22004/ag.econ.13423
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    File URL: https://ageconsearch.umn.edu/record/13423/files/21609.pdf
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    References listed on IDEAS

    as
    1. Bruce Traill & David Colman & Trevor Young, 1978. "Estimating Irreversible Supply Functions," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 60(3), pages 528-531.
    2. Suits, Daniel B & Mason, Andrew & Chan, Louis, 1978. "Spline Functions Fitted by Standard Regression Methods," The Review of Economics and Statistics, MIT Press, vol. 60(1), pages 132-139, February.
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