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  • Search: subject:"Productive Efficiency Function"
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Efficiency 1 Productive Efficiency Function 1 Stochastic Frontier Analysis 1
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Kokkinou, Aikaterini 1
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European Research Studies Journal 1
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A Note on Theory of Productive Efficiency and Stochastic Frontier Models
Kokkinou, Aikaterini - In: European Research Studies Journal XIII (2010) 4, pp. 109-118
Neoclassical economics assume that producers in an economy always operate efficiently, however in real terms, producers are not always fully efficient. This difference may be explained both in terms of efficiency, as well as unforeseen exogenous shocks outside the producer control. This paper...
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