Using full-information maximum likelihood on a cross-section sample of 65 hospitals from seven Philippine provinces, this paper jointly estimates a two-output transcendental logarithmic variable cost function and four share equations. Results comply with the inequality conditions and the...

Using full-information maximum likelihood on a cross-section sample of 65 hospitals from seven Philippine provinces, this paper jointly estimates a two-output transcendental logarithmic variable cost function and four share equations. Results comply with the inequality conditions and the...