On the equivalence of two normalizations in estimating shadow cost functions

DOI10.1016/J.ECONLET.2003.09.013MaRDI QIDQ1927409zbMATH OpenOpenAlexFDO

Authors Subal C. Kumbhakar, Giannis Karagiannis

Publication date 1 January 2013

Published in Economics Letters (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/j.econlet.2003.09.013

zbMATH Keywords

equivalenceshadow cost functionstwo normalizations

Mathematics Subject Classification ID

Point estimation (62F10) Microeconomic theory (price theory and economic markets) (91B24) Statistical methods; economic indices and measures (91B82)

Recommendations

• The effect of the normalisation of the shadow price vector on the cost function estimation.
• On Price Efficiency
• Stochastic estimation of firm technology, inefficiency, and productivity growth using shadow cost and distance functions.
• Normalization in Econometrics
• A comparison of shadow prices and reimbursement rates of hospital services

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

Cited in

(2)

• The effect of the normalisation of the shadow price vector on the cost function estimation.
• On decomposing net final values: EVA, SVA and shadow project

This page was built for publication: On the equivalence of two normalizations in estimating shadow cost functions

Report a bug (only for logged in users!)Click here to report a bug for this page (MaRDI item Q1927409)