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Aggregation of Nerlovian profit indicator

Rolf Fare, Shawna Grosskopf and Valentin Zelenyuk

Applied Economics Letters, 2008, vol. 15, issue 11, 845-847

Abstract: This note shows that the Nerlovian profit indicator may be aggregated over firms into an industry measure of profit efficiency. The note also provides conditions under which the technical component of the indicator may also be aggregated.

Date: 2008
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Citations: View citations in EconPapers (24)

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DOI: 10.1080/13504850600825584

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