The effect of the normalisation of the shadow price vector on the cost function estimation.

DOI10.1016/S0165-1765(02)00152-0MaRDI QIDQ1852944zbMATH OpenFDO

Authors Ornella Wanda Maietta

Publication date 21 January 2003

Published in Economics Letters (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/S0165-1765(02)00152-0

zbMATH Keywords

Cost function estimationNormalizationShadow price

Mathematics Subject Classification ID

Microeconomic theory (price theory and economic markets) (91B24)

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Cites work

• Modeling allocative inefficiency in a translog cost function and cost share equations: An exact relationship
• Parametric Estimation of Technical and Allocative Inefficiency with Panel Data
• Stochastic Frontier Analysis
• The decomposition of cost efficiency and the canonical form of cost function and cost share equations

Cited in

(1)

• On the equivalence of two normalizations in estimating shadow cost functions

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