论文信息 - Modeling allocative inefficiency in a translog cost function and cost share equations: An exact relationship

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

Abstract Previous studies using translog cost function used ad hoc specifications to model allocative inefficiency in the cost function and the cost share equations. This paper uses a translog cost function and establishes an exact relationship between allocative inefficiency in the cost share equations and in the cost function. Such an exact relationship was believed to be possible only for self dual production functions.

Subal C. Kumbhakar | S. Kumbhakar

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