Asche, Frank; Kumbhakar, Subal C.; Tveterås, Ragnar - In: Applied Economics Letters 14 (2007) 10, pp. 715-718
The empirical literature on estimation of production technology mostly focuses on estimation of dual cost functions. Estimation of a profit function is not that common. Here, we formally test whether the production technology should be represented by a cost or profit function. We also derive...
