snqProfitShadowPrices: Shadow Prices of a SNQ Profit function

Description Usage Arguments Author(s) See Also Examples

Description

Calculates the shadow prices of a Symmetric Normalized Quadratic (SNQ) profit function.

Usage

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   snqProfitShadowPrices( priceNames, fixNames, estResult = NULL,
   data = estResult$data, weights = estResult$weights,
   scalingFactors = estResult$scalingFactors,
   coef = estResult$coef, form = estResult$form )

Arguments

priceNames

a vector of strings containing the names of netput prices.

fixNames

an optional vector of strings containing the names of the quantities of (quasi-)fix inputs.

estResult

object returned by snqProfitEst.

data

a data frame containing the data.

weights

vector of weights of prices used for normalization.

scalingFactors

factors to scale prices (see details).

coef

a list containing the coefficients (at least delta and gamma).

form

the functional form to be estimated (see details).

Author(s)

Arne Henningsen

See Also

snqProfitEst, snqProfitCalc and snqProfitEla.

Examples

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   data( germanFarms, package = "micEcon" )
   germanFarms$qOutput   <- germanFarms$vOutput   / germanFarms$pOutput
   germanFarms$qVarInput <- -germanFarms$vVarInput / germanFarms$pVarInput
   germanFarms$qLabor    <- -germanFarms$qLabor
   germanFarms$time      <- c( 0:19 )
   priceNames <- c( "pOutput", "pVarInput", "pLabor" )
   quantNames <- c( "qOutput", "qVarInput", "qLabor" )
   fixNames <- c( "land", "time" )

   estResult <- snqProfitEst( priceNames, quantNames, fixNames, data = germanFarms )

   snqProfitShadowPrices( priceNames, fixNames, estResult )

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