Allocative efficiency measurement with endogenous prices
In the nonparametric measurement of allocative efficiency, output prices are fixed. If prices are endogenous, the overall output in the market determines the allocative efficient point. We develop an alternative semi-nonparametric model that allows prices to be endogenously determined.
Year of publication: |
2011
|
---|---|
Authors: | Johnson, Andrew L. ; Ruggiero, John |
Published in: |
Economics Letters. - Elsevier, ISSN 0165-1765. - Vol. 111.2011, 1, p. 81-83
|
Publisher: |
Elsevier |
Keywords: | Nonparametric frontiers Allocative efficiency Economic efficiency Production functions |
Saved in:
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