A Consistent Approach to Cost Efficiency Measurement
AbstractConsistent specifications of the allocative inefficiency function in cost plus input share equations systems may be difficult, if not impossible, to find because most plausible ones violate certain reasonable a priori conditions. Moreover, the models to which they lead give rise to highly non-linear likelihood functions that are very hard to estimate.
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Bibliographic InfoPaper provided by Athens University of Economics and Business in its series DEOS Working Papers with number 124.
Length: 19 pages
Date of creation: 2001
Date of revision:
COSTS ; MODELS ; LABOUR;
Other versions of this item:
- George C. Bitros & Efthymios G. Tsionas, 2004. "A Consistent Approach to Cost Efficiency Measurement," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 66(1), pages 49-69, 02.
- Bitros, G.C. & Tsionas, E.G., 2001. "A Consistent Approach to Cost Efficiency Measurement," Athens University of Economics and Business 124, Athens University of Economics and Business, Department of International and European Economic Studies.
- C51 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Model Construction and Estimation
- D24 - Microeconomics - - Production and Organizations - - - Production; Cost; Capital; Capital, Total Factor, and Multifactor Productivity; Capacity
- D61 - Microeconomics - - Welfare Economics - - - Allocative Efficiency; Cost-Benefit Analysis
- G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
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- Johannes Sauer & Klaus Frohberg & Henrich Hockmann, 2006. "Stochastic efficiency measurement: The curse of theoretical consistency," Journal of Applied Economics, Universidad del CEMA, vol. 0, pages 139-166, May.
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