Using the 1997-1998 New South Wales public-hospitals comparison data, we investigate the hospital-level inefficiency by applying a stochastic-frontier multiproduct cost function. We use a flexible translog cost function to reduce the measurement errors of the outputs of the hospital. The main...

Using the 1997-1998 New South Wales public-hospitals comparison data, we investigate the hospital-level inefficiency by applying a stochastic-frontier multiproduct cost function. We use a flexible translog cost function to reduce the measurement errors of the outputs of the hospital. The main...

Although water markets have been in operation for nearly 30years, previous empirical studies have ignored farmer’s land use response to water trading in the Murray-Darling Basin (MDB), Australia. A Nerlovian partial adjustment model of rice and cotton acreage response in the MDB were specified...