Kumbhakar, Subal C.; Tsionas, Efthymios G. - In: Journal of Applied Econometrics 26 (2011) 2, pp. 270-297
In this paper we derive both primal and dual-cost systems in which the stochastic specifications arise from the model (random environment or measurement errors and optimization errors)—not tacked on at the end after the deterministic system is worked out. Derivation of the error structures is...