Constraints in models of production and cost via slack-based measures
Sign Up to like & getrecommendations! Published in 2021 at "Empirical Economics"
DOI: 10.1007/s00181-020-02013-z
Abstract: In this paper, we propose the use of stochastic frontier models to impose theoretical regularity constraints (like monotonicity and concavity) on flexible functional forms. These constraints take the form of inequalities involving the data and… read more here.
Keywords: constraints models; cost via; production cost; production ... See more keywords