print.snqProfitEst: Print output of estimated SNQ profit function

Description Usage Arguments Author(s) See Also Examples

Description

This function prints a summary estimation results of a symmetric normalized quadraric (SNQ) profit function.

Usage

1
2
   ## S3 method for class 'snqProfitEst'
print( x, ... )

Arguments

x

an object of class snqProfitEst.

...

arguments passed to print.

Author(s)

Arne Henningsen

See Also

snqProfitEst

Examples

 1
 2
 3
 4
 5
 6
 7
 8
 9
10
## Not run: library( systemfit )
   data( germanFarms, package = "micEcon" )
   germanFarms$qOutput   <- germanFarms$vOutput / germanFarms$pOutput
   germanFarms$qVarInput <- -germanFarms$vVarInput / germanFarms$pVarInput
   germanFarms$qLabor    <- -germanFarms$qLabor
   priceNames <- c( "pOutput", "pVarInput", "pLabor" )
   quantNames <- c( "qOutput", "qVarInput", "qLabor" )

   estResult <- snqProfitEst( priceNames, quantNames, "land", data = germanFarms )
   print( estResult )

Example output

If you have questions, suggestions, or comments regarding one of the 'micEcon' packages, please use a forum or 'tracker' at micEcon's R-Forge site:
https://r-forge.r-project.org/projects/micecon/

Estimation results of the SNQ profit function:
Functional form: default (0)
Estimation method: SUR

Estimated coefficients:
                value    std.err    t-value         prob
alpha 1   -97327.4027 37623.9488 -2.5868471 1.264236e-02
alpha 2   -86797.9576 17777.5639 -4.8824439 1.114097e-05
alpha 3   -19345.1791  3775.3417 -5.1240869 4.835754e-06
beta 1 1  -38029.0727 17199.2199 -2.2110929 3.163093e-02
beta 1 2   32859.3598 15743.5034  2.0871695 4.199050e-02
beta 1 3    5169.7129  2414.6340  2.1409923 3.717372e-02
beta 2 1   32859.3598 15743.5034  2.0871695 4.199050e-02
beta 2 2  -27854.1492 14709.6934 -1.8935914 6.407267e-02
beta 2 3   -5005.2106  2293.5586 -2.1822902 3.381336e-02
beta 3 1    5169.7129  2414.6340  2.1409923 3.717372e-02
beta 3 2   -5005.2106  2293.5586 -2.1822902 3.381336e-02
beta 3 3    -164.5024   607.3175 -0.2708672 7.876083e-01
delta 1 1  10459.6184  2429.9630  4.3044352 7.790735e-05
delta 2 1   2621.1740  1081.7413  2.4231061 1.905133e-02
delta 3 1    532.5423   239.3199  2.2252319 3.060584e-02
gamma 1 1   -294.1384   115.2189 -2.5528665 1.378313e-02

R-squared values of the netput equations:
  qOutput qVarInput    qLabor    profit 
0.9746943 0.4488089 0.3508616 0.2554592 

Price elasticities of the netputs:
             pOutput pVarInput      pLabor
qOutput   -0.3622530 0.2845257 0.077727272
qVarInput -0.5563251 0.4065936 0.149731512
qLabor    -0.3365767 0.3316017 0.004974981

warning: this profit function is not convex in netput prices.

micEconSNQP documentation built on May 2, 2019, 2:35 a.m.