Showing 1 - 10 of 43
This paper formally proves that if inefficiency ($u$) is modelled through the variance of $u$ which is a function of $z$ then marginal effects of $z$ on technical inefficiency ($TI$) and technical efficiency ($TE$) have opposite signs. This is true in the typical setup with normally distributed...
Persistent link: https://www.econbiz.de/10015218342
and indirectlyvia all factors of production, i.e., the productivity effect of management is non-neutral.Finally, we find …
Persistent link: https://www.econbiz.de/10010312060
We propose a model of production where technical change is both time and management induced. We define a general …
Persistent link: https://www.econbiz.de/10010312081
Economies of scale and scope are typically modelled and estimated using cost functions that are common to all firms in an industry irrespective of whether they specialize in a single output or produce multiple outputs. We suggest an alternative flexible technology model that does not make this...
Persistent link: https://www.econbiz.de/10010312125
technology index based on the external economic factors which are indicators of 'technology'. Thus our definition of production …, these technology shifters allow for non-neutral shift in the production function. In doing so we are able to decompose …
Persistent link: https://www.econbiz.de/10010269407
We develop a novel unified econometric methodology for the formal examination of the market power -- cost efficiency nexus. Our approach can meaningfully accommodate a mutually dependent relationship between the firm's cost efficiency and marker power (as measured by the Lerner index) by...
Persistent link: https://www.econbiz.de/10015259937
Existing methods for the measurement of technical efficiency in the dynamic production models obtain it from the … efficiency that directly enters the firm's intertemporal production decisions and is both explicitly costly and endogenously … in the model, which we showcase using the 1960-2004 U.S. agricultural farm production data. We find that allowing for …
Persistent link: https://www.econbiz.de/10015266099
production function and latent firm productivity in the presence of endogenous export opportunities that is robust to recent … allowing us to identify the production function. We estimate our fully nonparametric IV model using the Landweber …
Persistent link: https://www.econbiz.de/10015266227
either the economy or the environment, our approach combines a by-production model within a stochastic frontier framework to … outputs than desirable outputs indicate that the relative cost of adjusting production processes to improve efficiency favors …
Persistent link: https://www.econbiz.de/10015270859
of the production processes. We propose to tackle endogenous input ratios appearing in the normalized IDF by considering … the production of Norwegian dairy farms during the 1991--2008 period. Among other things, we find both an economically and …
Persistent link: https://www.econbiz.de/10015246429