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Modeling allocative inefficiency in a translog cost function and cost share equations: An exact relationship

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Cited by:

  1. E. Grifell-Tatjé & C.A.K. Lovell, 2000. "Cost and productivity," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 21(1), pages 19-30.
  2. Amsler, Christine & Prokhorov, Artem & Schmidt, Peter, 2016. "Endogeneity in stochastic frontier models," Journal of Econometrics, Elsevier, vol. 190(2), pages 280-288.
  3. Martinez-Budria, Eduardo & Diaz-Hernandez, Juan Jose & Jara-Däaz, Sergio, 2011. "Productivity and efficiency with discrete variables and quadratic cost function," International Journal of Production Economics, Elsevier, vol. 132(2), pages 251-257, August.
  4. Juan José Díaz-Hernández, "undated". "Exact Allocative and Technical Inefficiency Using the Normalized Quadratic Cost System," Studies on the Spanish Economy 210, FEDEA.
  5. Rodriguez-Alvarez, Ana & Fernandez-Blanco, Victor & Lovell, C. A. Knox, 2004. "Allocative inefficiency and its cost:: The case of Spanish public hospitals," International Journal of Production Economics, Elsevier, vol. 92(2), pages 99-111, November.
  6. Giannis Karagiannis & Stelios Katranidis & Vangelis Tzouvelekas, 1999. "Measuring Productive Efficiency of Seabass and Seabream Farms in Greece," Working Papers 9911, University of Crete, Department of Economics.
  7. Chaffai, Mohamed E., 1997. "Estimating input-specific technical inefficiency: The case of the Tunisian banking industry," European Journal of Operational Research, Elsevier, vol. 98(2), pages 314-331, April.
  8. Martin, Juan Carlos & Voltes-Dorta, Augusto, 2007. "Marginal Cost Estimations In Airports. Multiproductive Cost Functions And Stochastic Frontiers: An International Airports Case Study," 48th Annual Transportation Research Forum, Boston, Massachusetts, March 15-17, 2007 207931, Transportation Research Forum.
  9. Revoredo-Giha, Cesar & Milne, Catherine E. & Leat, Philip M.K. & Cho, Woong Je, 2006. "Explaining Cost Efficiency of Scottish Farms: A Stochastic Frontier Analysis," Working Papers 46001, Scotland's Rural College (formerly Scottish Agricultural College), Land Economy & Environment Research Group.
  10. Tsionas, Mike G. & Malikov, Emir & Kumbhakar, Subal C., 2020. "Endogenous dynamic efficiency in the intertemporal optimization models of firm behavior," European Journal of Operational Research, Elsevier, vol. 284(1), pages 313-324.
  11. Brissimis, Sophocles N. & Delis, Manthos D. & Tsionas, Efthymios G., 2010. "Technical and allocative efficiency in European banking," European Journal of Operational Research, Elsevier, vol. 204(1), pages 153-163, July.
  12. Tsionas, Mike G., 2016. "Parameters measuring bank risk and their estimation," European Journal of Operational Research, Elsevier, vol. 250(1), pages 291-304.
  13. Al-Hadi, Azrina Abdullah & Bitzan, John & Peoples, James, 2019. "Input allocation efficiency in the United States railroad industry: Changing work rules and managerial flexibility," Transportation Research Part A: Policy and Practice, Elsevier, vol. 126(C), pages 281-296.
  14. Vaneet Bhatia & Sankarshan Basu & Subrata Kumar Mitra & Pradyumna Dash, 2018. "A review of bank efficiency and productivity," OPSEARCH, Springer;Operational Research Society of India, vol. 55(3), pages 557-600, November.
  15. Kalyan Chakraborty & Richard K. Harper, 2017. "Measuring the Impact of Socio-Economic Factors on School Efficiency in Australia," Atlantic Economic Journal, Springer;International Atlantic Economic Society, vol. 45(2), pages 163-179, June.
  16. Tung Liu, 2020. "Measuring Technical, Allocative inefficiency, and Cost Inefficiency by Applying Duality Theory," Working Papers 202001, Ball State University, Department of Economics, revised Jun 2020.
  17. Coleman, Jane A. & Shaik, Saleem, 2009. "Time-Varying Estimation of Crop Insurance Program in Altering North Dakota Farm Economic Structure," 2009 Annual Meeting, July 26-28, 2009, Milwaukee, Wisconsin 49516, Agricultural and Applied Economics Association.
  18. José Luis Bonifaz & Reyk Itakura, 2014. "An analysis of inefficiency of big urban water utilities in Latin-America," Working Papers 14-13, Centro de Investigación, Universidad del Pacífico.
  19. Grafton, R Quentin & Squires, Dale & Fox, Kevin J, 2000. "Private Property and Economic Efficiency: A Study of a Common-Pool Resource," Journal of Law and Economics, University of Chicago Press, vol. 43(2), pages 679-713, October.
  20. Liu, Tung, 2021. "Measuring cost inefficiency: A dual approach," Economic Modelling, Elsevier, vol. 99(C).
  21. Kumbhakar, Subal C. & Karagiannis, Giannis, 2004. "On the equivalence of two normalizations in estimating shadow cost functions," Economics Letters, Elsevier, vol. 82(1), pages 15-19, January.
  22. Meryem Duygun & Levent Kutlu & Robin C. Sickles, 2016. "Measuring productivity and efficiency: a Kalman filter approach," Journal of Productivity Analysis, Springer, vol. 46(2), pages 155-167, December.
  23. Jean-Philippe Boussemart & Herv頌eleu & Vivian Valdmanis, 2015. "A two-stage translog marginal cost pricing approach for Floridian hospital outputs," Applied Economics, Taylor & Francis Journals, vol. 47(38), pages 4116-4127, August.
  24. Sanjaya DeSilva, 2000. "Skills, Partnerships and Tenancy in Sri Lankan Rice Farms," Working Papers 819, Economic Growth Center, Yale University.
  25. Drake, Leigh & Hall, Maximilian J.B. & Simper, Richard, 2009. "Bank modelling methodologies: A comparative non-parametric analysis of efficiency in the Japanese banking sector," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 19(1), pages 1-15, February.
  26. Mike G. Tsionas & Konstantinos N. Baltas, 2022. "On identifying risk-adjusted efficiency gains or losses of prospective mergers and acquisitions," Annals of Operations Research, Springer, vol. 318(1), pages 619-683, November.
  27. Delis, Manthos D. & Iosifidi, Maria & Tsionas, Mike, 2020. "Management estimation in banking," European Journal of Operational Research, Elsevier, vol. 284(1), pages 355-372.
  28. Frondel, Manuel & Schmidt, Christoph M., 2003. "Rejecting capital-skill complementarity at all costs," Economics Letters, Elsevier, vol. 80(1), pages 15-21, July.
  29. K. Obeng, 2011. "Indirect production function and the output effect of public transit subsidies," Transportation, Springer, vol. 38(2), pages 191-214, March.
  30. Maietta, Ornella Wanda, 2002. "The effect of the normalisation of the shadow price vector on the cost function estimation," Economics Letters, Elsevier, vol. 77(3), pages 381-385, November.
  31. Jacek Osiewalski & Mark Steel, 1998. "Numerical Tools for the Bayesian Analysis of Stochastic Frontier Models," Journal of Productivity Analysis, Springer, vol. 10(1), pages 103-117, July.
  32. Arlette Beltrán B. & Pablo Lavado, 2014. "El impacto del uso del tiempo de las mujeres en el Perú: un recurso escaso y poco valorado en la economía nacional," Working Papers 14-09, Centro de Investigación, Universidad del Pacífico.
  33. Kumbhakar, Subal C. & Wang, Hung-Jen, 2006. "Estimation of technical and allocative inefficiency: A primal system approach," Journal of Econometrics, Elsevier, vol. 134(2), pages 419-440, October.
  34. Mei-Hui Wang & Tai-Hsin Huang, 2009. "Threshold effects of financial status on the cost frontiers of financial institutions in nondynamic panels," Applied Economics, Taylor & Francis Journals, vol. 41(26), pages 3389-3401.
  35. Christine Amsler & Artem Prokhorov & Peter Schmidt, 2021. "A new family of copulas, with application to estimation of a production frontier system," Journal of Productivity Analysis, Springer, vol. 55(1), pages 1-14, February.
  36. Jean-Philippe Boussemart & Hervé Leleu & Viviane Valdmanis, 2013. "Price of Medicaid and Uncompensated Care compared to Medicare and Private care: A translog shadow pricing approach for Floridian hospital outputs," Working Papers 2013-ECO-02, IESEG School of Management.
  37. Juan Díaz-Hernández & Eduardo Martínez-Budría & Sergio Jara-Diaz, 2008. "Parametric estimation of inefficiency in cargo handling in Spanish ports," Journal of Productivity Analysis, Springer, vol. 30(3), pages 223-232, December.
  38. Subal Kumbhakar & M. Denny & M. Fuss, 2000. "Estimation and decomposition of productivity change when production is not efficient: a paneldata approach," Econometric Reviews, Taylor & Francis Journals, vol. 19(4), pages 312-320.
  39. Lorincz, Szabolcs, 2006. "Cost structure and complementarity in U.S. Telecommunications, 1989-1999," Information Economics and Policy, Elsevier, vol. 18(3), pages 285-302, September.
  40. Juan Martín & Concepción Román & Augusto Voltes-Dorta, 2009. "A stochastic frontier analysis to estimate the relative efficiency of Spanish airports," Journal of Productivity Analysis, Springer, vol. 31(3), pages 163-176, June.
  41. Brümmer Bernhard & Glauben Thomas, 2004. "Zur Messung und Erklärung von Produktivitätsentwicklungen: Eine Analyse auf Basis eines stochastischen Distanzfrontieransatzes / Measuring and Explaining Productivity Growth: A Distance Function Appro," Journal of Economics and Statistics (Jahrbuecher fuer Nationaloekonomie und Statistik), De Gruyter, vol. 224(4), pages 420-444, August.
  42. Yongseung Han, 2012. "Modelling a stochastic profit system using gauge function," Applied Economics Letters, Taylor & Francis Journals, vol. 19(9), pages 823-827, June.
  43. Tai-Hsin Huang & Kuan-Chen Chen & Chien-Hsiu Lin & Ming-Tai Chung, 2014. "Consistent estimation of technical and allocative efficiencies for a semiparametric stochastic cost frontier with shadow input prices," Journal of Productivity Analysis, Springer, vol. 41(2), pages 307-320, April.
  44. Tsionas, Efthymios & Kumbhakar, Subal, 2006. "Estimation of Technical and Allocative Inefficiencies in a Cost System: An Exact Maximum Likelihood Approach," MPRA Paper 20173, University Library of Munich, Germany.
  45. Wang, Hung-Jen, 2006. "Stochastic frontier models," MPRA Paper 31079, University Library of Munich, Germany.
  46. Obeng, K., 2019. "Public transit cost efficiency studies: The impact of non-contracting regulations," Transportation Research Part A: Policy and Practice, Elsevier, vol. 126(C), pages 247-258.
  47. Delis, Manthos D. & Tsionas, Mike G., 2018. "Measuring management practices," International Journal of Production Economics, Elsevier, vol. 199(C), pages 65-77.
  48. Sabine Gralka, 2018. "Persistent inefficiency in the higher education sector: evidence from Germany," Education Economics, Taylor & Francis Journals, vol. 26(4), pages 373-392, July.
  49. Rungsuriyawiboon, Supawat & Zhang, Yanjie, 2018. "Examining the economic performance of Chinese farms: A dynamic efficiency and adjustment cost approach," Economic Analysis and Policy, Elsevier, vol. 57(C), pages 74-87.
  50. Kutlu, Levent, 2013. "Misspecification in allocative inefficiency: A simulation study," Economics Letters, Elsevier, vol. 118(1), pages 151-154.
  51. 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, February.
  52. Mamatzakis, Emmanuel & Tsionas, Mike G. & Kumbhakar, Subal C. & Koutsomanoli-Filippaki, Anastasia, 2015. "Does labour regulation affect technical and allocative efficiency? Evidence from the banking industry," Journal of Banking & Finance, Elsevier, vol. 61(S1), pages 84-98.
  53. Martín, Juan Carlos & Voltes-Dorta, Augusto, 2011. "The econometric estimation of airports' cost function," Transportation Research Part B: Methodological, Elsevier, vol. 45(1), pages 112-127, January.
  54. Kumbhakar, Subal C. & Wang, Hung-Jen, 2006. "Pitfalls in the estimation of a cost function that ignores allocative inefficiency: A Monte Carlo analysis," Journal of Econometrics, Elsevier, vol. 134(2), pages 317-340, October.
  55. Di­az-Hernández, Juan José & Marti­nez-Budri­a, Eduardo & Jara-Di­az, Sergio, 2008. "The effects of ignoring inefficiency in the analysis of production: The case of cargo handling in Spanish ports," Transportation Research Part A: Policy and Practice, Elsevier, vol. 42(2), pages 321-329, February.
  56. Juan Aparicio & José L. Zofío, 2017. "Revisiting the decomposition of cost efficiency for non-homothetic technologies: a directional distance function approach," Journal of Productivity Analysis, Springer, vol. 48(2), pages 133-146, December.
  57. Asche, Frank & Roll, Kristin H. & Tveteras, Ragnar, 2009. "Economic inefficiency and environmental impact: An application to aquaculture production," Journal of Environmental Economics and Management, Elsevier, vol. 58(1), pages 93-105, July.
  58. Balk, Bert M., 1997. "The decomposition of cost efficiency and the canonical form of cost function and cost share equations," Economics Letters, Elsevier, vol. 55(1), pages 45-51, August.
  59. Kumbhakar, Subal C. & Tsionas, Efthymios G., 2005. "Measuring technical and allocative inefficiency in the translog cost system: a Bayesian approach," Journal of Econometrics, Elsevier, vol. 126(2), pages 355-384, June.
  60. García Prieto, C., 2003. "La ineficiencia en costes de los hospitales del Insalud:un estudio detallado / Cost inefficiency in spanish public hospitals: A detailled stydy," Estudios de Economia Aplicada, Estudios de Economia Aplicada, vol. 21, pages 467-484, December.
  61. Spiro, Stefanou & Choi, Onelack & Stokes, Jeffrey, 2002. "The Dynamics of Efficiency Improving Input Allocation and Reorganization Costs," Efficiency Series Papers 2002/07, University of Oviedo, Department of Economics, Oviedo Efficiency Group (OEG).
  62. Assaf, A. George & Gillen, David & Tsionas, Efthymios G., 2014. "Understanding relative efficiency among airports: A general dynamic model for distinguishing technical and allocative efficiency," Transportation Research Part B: Methodological, Elsevier, vol. 70(C), pages 18-34.
  63. Díaz-Hernández, Juan José & Martínez-Budría, Eduardo & González, Rosa Marina, 2020. "Effects of Inefficiency on Marginal Costs, Degree of Economies of Scale and Technical Change: A Theoretical Relationship. The Case of Spanish Port Authorities || Efectos de la ineficiencia sobre los c," Revista de Métodos Cuantitativos para la Economía y la Empresa = Journal of Quantitative Methods for Economics and Business Administration, Universidad Pablo de Olavide, Department of Quantitative Methods for Economics and Business Administration, vol. 29(1), pages 190-207, June.
  64. Desilva, Sanjaya, 2000. "Skills, Partnership and Tenancy in Sri Lanka Rice Farms," Center Discussion Papers 28401, Yale University, Economic Growth Center.
  65. Duygun, Meryem & Kutlu, Levent & Sickles, Robin C., 2014. "Measuring Productivity and Efficiency: A Kalman," Working Papers 15-010, Rice University, Department of Economics.
  66. Lai, Hung-pin & Kumbhakar, Subal C., 2019. "Technical and allocative efficiency in a panel stochastic production frontier system model," European Journal of Operational Research, Elsevier, vol. 278(1), pages 255-265.
  67. Kristin Roll, 2013. "Measuring performance, development and growth when restricting flexibility," Journal of Productivity Analysis, Springer, vol. 39(1), pages 15-25, February.
  68. Martín, Juan Carlos & Rodríguez-Déniz, Héctor & Voltes-Dorta, Augusto, 2013. "Determinants of airport cost flexibility in a context of economic recession," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 57(C), pages 70-84.
  69. Michael L. Polemis & Mike G. Tsionas, 2022. "Endogenous productivity: a new Bayesian perspective," Annals of Operations Research, Springer, vol. 318(1), pages 425-451, November.
  70. Stefanou, Spiro E., 2009. "A Dynamic Characterization of Efficiency," Agricultural Economics Review, Greek Association of Agricultural Economists, vol. 10(1), pages 1-16.
  71. Cheng, Xiaomei & Bjørndal, Endre & Bjørndal, Mette, 2014. "Cost Efficiency Analysis based on The DEA and StoNED Models: Case of Norwegian Electricity Distribution Companies," Discussion Papers 2014/28, Norwegian School of Economics, Department of Business and Management Science.
  72. Luis R. Murillo‐Zamorano, 2004. "Economic Efficiency and Frontier Techniques," Journal of Economic Surveys, Wiley Blackwell, vol. 18(1), pages 33-77, February.
  73. Osborne, Stefan & Trueblood, Michael A., 2001. "An Examination Of Economic Efficiency Of Russian Crop Output In The Reform Period," 2001 Annual meeting, August 5-8, Chicago, IL 20548, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
  74. Voltes-Dorta, Augusto & Pagliari, Romano, 2012. "The impact of recession on airports' cost efficiency," Transport Policy, Elsevier, vol. 24(C), pages 211-222.
  75. Xiaoheng Zhang & Xiaohua Yu & Xu Tian & Xianhui Geng & Yingheng Zhou, 2019. "Farm size, inefficiency, and rice production cost in China," Journal of Productivity Analysis, Springer, vol. 52(1), pages 57-68, December.
  76. Sergio Zuñiga & Eduardo Dagnino, 2003. "Medicion De La Eficiencia Bancaria En Chile A Traves De Fronteras Estocasticas (1990-1999)," Abante, Escuela de Administracion. Pontificia Universidad Católica de Chile., vol. 6(2), pages 83-116.
  77. Eduardo Loría & Emmanuel Salas, 2014. "A Nonlinear Relationship: Unemployment and Economic Growth (Construction Sector) in Spain, 1995.1–2012.2," International Advances in Economic Research, Springer;International Atlantic Economic Society, vol. 20(4), pages 439-453, November.
  78. Massimiliano Piacenza, 2002. "Regulatory Constraints and Cost Efficiency of the Italian Public Transit Systems: An Exploratory Stochastic Frontier Model," CERIS Working Paper 200202, CNR-IRCrES Research Institute on Sustainable Economic Growth - Torino (TO) ITALY - former Institute for Economic Research on Firms and Growth - Moncalieri (TO) ITALY.
  79. Tai‐Hsin Huang & Mei‐Hui Wang, 2003. "Estimation of Technical and Allocative Inefficiency Using Fourier Flexible Cost Frontiers for Taiwan's Banking Industry," Manchester School, University of Manchester, vol. 71(3), pages 341-362, June.
  80. Atkinson, Scott E. & Dorfman, Jeffrey H., 2006. "Chasing Absolute Cost and Profit Savings in a World of Relative Inefficiency," 2006 Annual meeting, July 23-26, Long Beach, CA 21058, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
  81. Emmanuel Mamatzakis & Panagiotis Pegkas & Christos Staikouras, 2023. "Labour market regulations and efficiency in tourism industry," Tourism Economics, , vol. 29(4), pages 1032-1054, June.
  82. Kutlu, Levent & Sickles, Robin C., 2012. "Estimation of market power in the presence of firm level inefficiencies," Journal of Econometrics, Elsevier, vol. 168(1), pages 141-155.
  83. Ball, V. Eldon & Moss, Charles B. & Erickson, Kenneth W. & Nehring, Richard F., 2003. "Modeling Supply Response In A Multiproduct Framework Revisited: The Nexus Of Empirics And Economics," 2003 Annual meeting, July 27-30, Montreal, Canada 21981, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
  84. Tai-hsin Huang & Mei-hui Wang, 2004. "Comparisons of Economic Inefficiency Between Output and Input Measures of Technical Inefficiency Using the Fourier Flexible Cost Function," Journal of Productivity Analysis, Springer, vol. 22(1), pages 123-142, July.
  85. Timo Kuosmanen & Mika Kortelainen, 2012. "Stochastic non-smooth envelopment of data: semi-parametric frontier estimation subject to shape constraints," Journal of Productivity Analysis, Springer, vol. 38(1), pages 11-28, August.
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