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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INFORMACIÓN
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1985/10/01
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Documento de trabajo departamental
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DRD137
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1
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1
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2010/07/01
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Disclosed
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Neoclassical econometrics : non-negativity constraints
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dynamic programming