Stochastic Frontier Analysis

by C.A. Knox Lovell, Subal C. Kumbhakar, C. A. Knox Lovell

Book Overview

Modern textbook presentations of production economics typically treat producers as successful optimizers. Conventional econometric practice has generally followed this paradigm, and least squares based regression techniques have been used to estimate production, cost, profit and other functions. In such a framework deviations from maximum output, from minimum cost and cost minimizing input demands, and from maximum profit and profit maximizing output...

• Format: Paperback
• Language: English
• ISBN: 0521666635
• ISBN13: 9780521666633
• Release Date: March 2003
• Publisher: Cambridge University Press
• Length: 344 Pages
• Weight: 1.01 lbs.
• Dimensions: 0.8" x 6.1" x 9.1"