Allocative efficiency measurement with endogenous prices

Andrew Johnson and John Ruggiero

Economics Letters, 2011, vol. 111, issue 1, 81-83

Abstract: In the nonparametric measurement of allocative efficiency, output prices are fixed. If prices are endogenous, the overall output in the market determines the allocative efficient point. We develop an alternative semi-nonparametric model that allows prices to be endogenously determined.

Keywords: Nonparametric; frontiers; Allocative; efficiency; Economic; efficiency; Production; functions (search for similar items in EconPapers)
Date: 2011
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Citations: View citations in EconPapers (11)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:111:y:2011:i:1:p:81-83

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