The specification of technical and allocative inefficiency in stochastic production and profit frontiers (Q1087457): Difference between revisions
From MaRDI portal
Latest revision as of 18:32, 17 June 2024
scientific article
| Language | Label | Description | Also known as |
|---|---|---|---|
| English | The specification of technical and allocative inefficiency in stochastic production and profit frontiers |
scientific article |
Statements
The specification of technical and allocative inefficiency in stochastic production and profit frontiers (English)
0 references
1987
0 references
In previous studies, frontier production models have been analysed either in a non-optimizing or cost-minimizing framework. In this paper we discuss estimation of technical and allocative inefficiency under the behavioral assumption of profit maximization. Specification and estimation issues are discussed in the context of the Cobb-Douglas production function.
0 references
frontier production models
0 references
estimation of technical and allocative inefficiency
0 references
Cobb-Douglas production function
0 references
0 references
0 references
