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A Cost System Approach to the Stochastic Directional Technology Distance Func...
This paper offers a methodology to address the endogeneity of inputs in the directional technology distance function (DTDF)-based formulation of banking technology which... -
Efficiency and productivity of the US banking industry, 1998-2005: evidence f...
This paper provides estimates of bank efficiency and productivity in the United States, over the period from 1998 to 2005, using (for the first time) the globally flexible... -
Quantifying the supply-side benefits from forward contracting in wholesale el...
The assumption of expected profit-maximizing bidding behavior in a multi-unit, multi-period auction with step-function supply curves is used to estimate cost functions for... -
The policy environment and relative price efficiency of Egyptian private sect...
We study the impact of policy and institutional constraints, and reforms undertaken to remedy them, on relative price efficiency and cost of the private manufacturing sector of... -
Quasi-fixed inputs and long-run equilibrium in production: a cointegration an...
This paper proposes a cointegration approach to testing the validity long-run equilibrium in production, where capital and labour are taken as quasi-fixed inputs. Previous... -
Comparing Fourier and translog specifications of multiproduct technology: Evi...
Selecting a functional form for a cost or profit function in applied production analysis is a crucial step in assessing the characteristics of a technology. The present study... -
Incorporating monotonicity and concavity conditions in flexible functional fo...
Empirical economists using flexible functional forms often face the disturbing choice of drawing inferences from an approximation violating properties dictated by theory or...
