Stochastic Frontiers and Asymmetric Information Models
Philippe Gagnepain () and
Marc Ivaldi ()
Working Papers from Toulouse - GREMAQ
This article suggests that the global inefficiency which generally affects a production process is endogenous and depends on the incentives generated by the process environment. We propose to treat the usual correlation between the inefficiency and the regressors of the production frontier through the economic constraints that interfere on the activity of the producer.
Keywords: ASYMETRIC INFORMATION; REGULATION; TRANSPORT; ECONOMIC MODELS (search for similar items in EconPapers)
JEL-codes: C51 D82 L51 (search for similar items in EconPapers)
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Journal Article: Stochastic Frontiers and Asymmetric Information Models (2002)
Working Paper: Stochastic Frontiers and Asymmetric Information Models (2002)
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Persistent link: https://EconPapers.repec.org/RePEc:fth:gremaq:98.503
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