Tsionas, Efthymios G.; Izzeldin, Marwan; Henningsen, Arne; … - 2019
In this paper, we consider the stochastic ray production function that has been revived recently by Henningsen et al. (2017). We use a profit-maximizing framework to resolve endogeneity problems that are likely to arise, as in all distance functions, and we derive the system of equations after...
