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

Previous studies using translog cost function used ad hoc specifications to model allocative inefficiency in the cost function and the cost share equations. This paper uses a translog cost function and establishes an exact relationship between allocative inefficiency in the cost share equations and...

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Publicado en:Journal of Econometrics Vol. 76; pp. 351 - 357
Autor principal: Kumbhakar, Subal C.
Formato: Artículo
Publicado: Elsevier Science January/February 1997
Materias:
Acceso en línea:Ver este registro en EBSCOhost
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      dt: January/February 1997
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        atl: Modeling allocative inefficiency in a translog cost function and cost share equations: an exact relationship.
      aug:
        au: Kumbhakar, Subal C.
      su:
        Resource allocation -- Mathematical models
        Cost
        Mathematical models of economics
        Stochastic frontier analysis
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        subj:
          Resource allocation -- Mathematical models
          Cost
          Mathematical models of economics
          Stochastic frontier analysis
      ab: Previous studies using translog cost function used ad hoc specifications to model allocative inefficiency in the cost function and the cost share equations. This paper uses a translog cost function and establishes an exact relationship between allocative inefficiency in the cost share equations and in the cost function. Such an exact relationship was believed to be possible only for self dual production functions. Reprinted by permission of the publisher.
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    language: English
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