Modelling a stochastic profit system using gauge function

被引：2
|
作者：
Han, Yongseung [1 ]
机构：
[1] Gainesville State Coll, Dept Business, Oakwood, GA 30566 USA
来源：
APPLIED ECONOMICS LETTERS | 2012年 / 19卷 / 09期
关键词：
gauge function; profit efficiency; stochastic profit system; technical inefficiency; ALLOCATIVE INEFFICIENCY; EFFICIENCY;
D O I：
10.1080/13504851.2011.605754
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
This article provides an analytical solution to the 'Greene problem'; use of McFadden's gauge function successfully separates technical inefficiency from the profit function and its share equations, even though allocative inefficiency is incorporated into the profit system, and establishes an exact relationship between allocative inefficiency in the profit function and its share equations to make the system readily estimable.
引用
收藏
页码：823 / 827
页数：5
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