Constraints in models of production and cost via slack-based measures
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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
Microeconomic models of a production economy with environmental externalities
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DOI: 10.1007/s10668-019-00313-8
Abstract: The environmental issue has surely become a central theme in the economic debate. From one side, this is analysed through large empirical models, solved numerically, that describe explicitly production and consumption\utility functions. On the other… read more here.
Keywords: microeconomic models; models production; production; utility ... See more keywords