Stochastic Frontiers and Asymmetric Information Models.

This article suggests that the global inefficiency which generally affects a production process is endogenous and depends on the incentives generated by the process environment. We propose to treat the usual correlation between the inefficiency and the regressors of the production frontier through the economic constraints that interfere on the activity of the producer.

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Year of publication:	1998
Authors:	Gagnepain, P. ; Ivaldi, M.
Institutions:	Groupe de Recherche en Économie Mathématique et Quantitative (GREMAQ), Toulouse School of Economics (TSE)
Subject:	ASYMETRIC INFORMATION \| REGULATION \| TRANSPORT \| ECONOMIC MODELS

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Series:	Toulouse - GREMAQ.
Type of publication:	Book / Working Paper
Notes:	21 pages
Classification:	C51 - Model Construction and Estimation ; D82 - Asymmetric and Private Information ; L51 - Economics of Regulation
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005486526