We describe a simple method to estimate household cost functions and family equivalence scales. It is an alternative to standard methods as it does not assume strong postulates about utility ...

Proper evaluation of cost-quality trade-offs inherent in regulatory policy requires identifying the structure of production from the behavioral response of quality to the policy change. However, ...

Confused about cost functions in neural networks? In this video, we break down what cost functions are, why they matter, and which types are best for different applications—from classification to ...