A Consistent Approach to Cost Efficiency Measurement.

Consistent specifications of the allocative inefficiency function in cost plus input share equations systems may be difficult, if not impossible, to find because most plausible ones violate certain reasonable a priori conditions. Moreover, the models to which they lead give rise to highly non-linear likelihood functions that are very hard to estimate.

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Year of publication:	2001
Authors:	Bitros, G.C. ; Tsionas, E.G.
Institutions:	Athens University of Economics and Business (AUEB)
Subject:	COSTS \| MODELS \| LABOUR

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Series:	Athens University of Economics and Business.
Type of publication:	Book / Working Paper
Notes:	19 pages
Classification:	C51 - Model Construction and Estimation ; D24 - Production; Capital and Total Factor Productivity; Capacity ; D61 - Allocative Efficiency; Cost-Benefit Analysis ; G32 - Financing Policy; Capital and Ownership Structure
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005781144