Modeling allocative inefficiency in a translog cost function and cost share equations: An exact relationship

DOI10.1016/0304-4076(95)01796-8MaRDI QIDQ1362045zbMATH OpenOpenAlexFDO

Authors Subal C. Kumbhakar

Publication date 3 May 1998

Published in Journal of Econometrics (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/0304-4076(95)01796-8

zbMATH Keywords

technical inefficiencyallocative inefficiencycost functionscost share equationstranslog cost function

Mathematics Subject Classification ID

Applications of statistics to economics (62P20) Mathematical economics (91B99)

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• Modelling technical and allocative inefficiency in a translog production function
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Cites work

• A simplification of the Kopp-Diewert method of decomposing cost efficiency and some implications
• Efficiency Estimation from Cobb-Douglas Production Functions with Composed Error
• Estimating technical and allocative inefficiency relative to stochastic production and cost frontiers
• Formulation and estimation of stochastic frontier production function models
• On the estimation of a flexible frontier production model

Cited in

(21)

• Endogenous productivity: a new Bayesian perspective
• Estimation of market power in the presence of firm level inefficiencies
• Technical and allocative efficiency in a panel stochastic production frontier system model
• On the equivalence of two normalizations in estimating shadow cost functions
• Quantifying inefficiency in cost-sharing mechanisms
• Endogenous dynamic efficiency in the intertemporal optimization models of firm behavior
• Endogeneity in stochastic frontier models
• Technical and allocative efficiency in European banking
• Estimation of technical and allocative inefficiency: a primal system approach
• Pitfalls in the estimation of a cost function that ignores allocative inefficiency: a Monte Carlo analysis
• Some recent developments in efficiency measurement in stochastic frontier models
• Management estimation in banking
• The effect of the normalisation of the shadow price vector on the cost function estimation.
• Modelling technical and allocative inefficiency in a translog production function
• On the joint estimation of heterogeneous technologies, technical, and allocative inefficiency
• Parameters measuring bank risk and their estimation
• Measuring technical and allocative inefficiency in the translog cost system: a Bayesian approach
• On identifying risk-adjusted efficiency gains or losses of prospective mergers and acquisitions
• The decomposition of cost efficiency and the canonical form of cost function and cost share equations
• Estimating input-specific technical inefficiency: The case of the Tunisian banking industry
• A review of bank efficiency and productivity

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