Stochastic Estimation of Firm Inefficiency Using Distance Functions

@inproceedings{Atkinson2003StochasticEO,
  title={Stochastic Estimation of Firm Inefficiency Using Distance Functions},
  author={Scott E. Atkinson and Rolf F{\"a}re and Daniel Primont},
  year={2003}
}
Econometric estimation of allocative and technical efficiency has frequently been carried out using a shadow cost function and its associated share or demand equations. Since the problem is formulated in terms of shadow prices, the effect of allocative inefficiency on input usage must be computed indirectly from input share or demand equations. As an alternative approach, we derive and estimate an input shadow distance system comprising the dual shadow input distance function and the price… CONTINUE READING

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