Abstract
This paper develops a method of estimating technical and allocative inefficiency for each firm using a translog production function. Based on expected profit maximization hypothesis, the method uses the production function and the first order conditions as the basis of parameter estimation.
| Original language | English |
|---|---|
| Pages (from-to) | 119-123 |
| Number of pages | 5 |
| Journal | Economics Letters |
| Volume | 31 |
| Issue number | 2 |
| DOIs | |
| State | Published - Dec 1989 |
Fingerprint
Dive into the research topics of 'Modelling technical and allocative inefficiency in a translog production function'. Together they form a unique fingerprint.Cite this
- APA
- Author
- BIBTEX
- Harvard
- Standard
- RIS
- Vancouver