On the equivalence of two normalizations in estimating shadow cost functions

DOI10.1016/J.ECONLET.2003.09.013zbMath1254.91601OpenAlexW2077817449MaRDI QIDQ1927409

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)

Cites Work

• Modeling allocative inefficiency in a translog cost function and cost share equations: An exact relationship
• 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.
• Parametric Estimation of Technical and Allocative Inefficiency with Panel Data
• Stochastic Frontier Analysis

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