A Consistent Approach to Cost Efficiency Measurement

George C. Bitros () and E.G. Tsionas

Athens University of Economics and Business from Athens University of Economics and Business, Department of International and European Economic Studies

Abstract: Consistent specifications of the allocative inefficiency function in cost plus input share equations systems may be difficult, if not impossible, to find because most plausible ones violate certain reasonable a priori conditions. Moreover, the models to which they lead give rise to highly non-linear likelihood functions that are very hard to estimate.

Keywords: COSTS; MODELS; LABOUR (search for similar items in EconPapers)
JEL-codes: C51 D24 D61 G32 (search for similar items in EconPapers)
Date: 2001

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Journal Article: A Consistent Approach to Cost Efficiency Measurement (2004)
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