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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Bibliographic Details

Published in:	Journal of Econometrics Vol. 76; pp. 351 - 357
Main Author:	Kumbhakar, Subal C.
Format:	Article
Published:	Elsevier Science January/February 1997
Subjects:	Resource allocation > Mathematical models Cost Mathematical models of economics Stochastic frontier analysis
Online Access:	View this record in EBSCOhost