On Measuring Economic Efficiency
This paper considers a system consisting of a production frontier and factor share equations to measure firm-specific technical efficiency and input-specific allocative efficiency simultaneously. In estimating the system as a whole, the joint distribution of all errors in the equations is used. This is more efficient than using the marginal distribution of a function of the errors as one does by estimating either the profit function of the production function alone. The workability of the method is illustrated by applying it to farm-level data from Philippines agriculture. Copyright 1990 by John Wiley & Sons, Ltd.
If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Volume (Year): 5 (1990)
Issue (Month): 1 (January-March)
|Contact details of provider:|| Web page: http://www.interscience.wiley.com/jpages/0883-7252/|
|Order Information:|| Web: http://www3.interscience.wiley.com/jcatalog/subscribe.jsp?issn=0883-7252 Email: |
When requesting a correction, please mention this item's handle: RePEc:jae:japmet:v:5:y:1990:i:1:p:75-85. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Wiley-Blackwell Digital Licensing)or (Christopher F. Baum)
If references are entirely missing, you can add them using this form.