IDEAS home Printed from https://ideas.repec.org/p/qld/uqcepa/194.html
   My bibliography  Save this paper

Homothetic Data Generated Production Metatechnologies

Author

Listed:
  • Antonio Peyrache

    (School of Economics and Centre for Efficiency and Productivity Analysis (CEPA) at The University of Queensland, Australia)

Abstract

This study tackles the problem of building nonparametric production technologies that satisfy homotheticity and (Hicks) neutrality. Since no current method is available, the paper proposes a method for constructing a homothetic metatechnology and proves that this metatechnology can be obtained as the union of homothetic group technologies that satisfy (Hicks) neutrality. It is shown that all these technologies are the minimal technologies that will satisfy the given set of axioms, therefore providing an axiomatic foundation for the method. There is a non-negligible computational aspect in the fact that all technologies are not only LP computable but are in fact computable as a linear function of the size of the dataset (in fact in the non-convex case enumeration algorithms can be used). An empirical illustration is provided to show the strength and range of applicability of the method.

Suggested Citation

  • Antonio Peyrache, 2024. "Homothetic Data Generated Production Metatechnologies," CEPA Working Papers Series WP022024, School of Economics, University of Queensland, Australia.
    • Handle: RePEc:qld:uqcepa:194
    as

    Download full text from publisher

    File URL: https://economics.uq.edu.au/files/50237/WP022024.pdf
    Download Restriction: no
    ---><---

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:qld:uqcepa:194. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: SOE IT (email available below). General contact details of provider: https://edirc.repec.org/data/decuqau.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.