Kumbhakar, Subal C; Bhattacharyya, Arunava - In: The Review of Economics and Statistics 74 (1992) 2, pp. 231-39
This paper develops a generalized profit function that incorporates price distortions resulting from imperfect market conditions, sociopolitical and institutional constraints, as well as technical and allocative inefficiency. The model is applied to test (1) the appropriateness of the...
