Nonparametric cost and revenue functions under constant economies of scale: A simplification for the single output or input case

This note shows how the linear programs needed to compute cost and revenue functions under constant returns to scale and a single output or input, respectively, can be replaced with a more efficient enumeration algorithm. An empirical illustration shows the gain in computer time one can obtain.

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Year of publication:	2011-09
Authors:	Briec, Walter ; Kerstens, Kristiaan ; Van de Woestyne, Ignace
Institutions:	Faculteit Economie en Bedrijfswetenschappen, Hogeschool-Universiteit Brussel (HUBrussel)
Subject:	nonparametric cost and revenue functions

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Extent:	application/pdf
Series:	Working Papers.
Type of publication:	Book / Working Paper
Notes:	Number 2011/12 8 pages longpage
Classification:	D24 - Production; Capital and Total Factor Productivity; Capacity
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10009415977