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多产品技术的傅里叶与超越对数设定比较：法国农户不完整面板证据AI 解读

Selecting a functional form for a cost or profit function in applied production analysis is a crucial step in assessing the characteristics of a technology. The present study highlights differences in the description of a technology which are induced by fitting a Fourier or a translog cost functions. On average, both forms provide similar information on the technology. However, estimation results and statistical tests tend to favour the Fourier specification. This is mainly…

居民用电实时定价：一项实验的计量分析AI 解读

Under real-time pricing, a network operator sets the price level for a period according to a predefined scheme which depends on the state of demand and costs, and announces this price shortly before the period begins. The French state-owned electric utility experimented with a six-rate real-time tariff, which divides the year into three types of days and each day into two periods. The number of days of each type is known in advance to the consumer, but the type of any…

关于预期理性的调查证据AI 解读

Abstract Data on expectations collected by business surveys offer the opportunity to test the rational expectation hypothesis. Tests directly based on qualitative data are not powerful because of the nature of the data. An alternative method is proposed in this paper. We apply the usual orthogonality conditions of rationality to the unobservable variables which are assumed to trigger the categorical responses of surveys when they cross certain thresholds. To implement the…