Han, Yongseung; Littlefield, Thomas; Kim, Myeong Hwan - In: Journal of Economic Studies 48 (2020) 6, pp. 1145-1161
Purpose: This paper proposes the use of a gauge function as a measure of technical efficiency. The measure of technical inefficiency from a gauge function is desirable as the estimation of a gauge function is not subject to the endogeneity problem under the behavioral assumption of profit...
