The specification of technical and allocative inefficiency in stochastic production and profit frontiers (Q1087457)
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scientific article; zbMATH DE number 3989044
| Language | Label | Description | Also known as |
|---|---|---|---|
| English | The specification of technical and allocative inefficiency in stochastic production and profit frontiers |
scientific article; zbMATH DE number 3989044 |
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The specification of technical and allocative inefficiency in stochastic production and profit frontiers (English)
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1987
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In previous studies, frontier production models have been analysed either in a non-optimizing or cost-minimizing framework. In this paper we discuss estimation of technical and allocative inefficiency under the behavioral assumption of profit maximization. Specification and estimation issues are discussed in the context of the Cobb-Douglas production function.
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frontier production models
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estimation of technical and allocative inefficiency
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Cobb-Douglas production function
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