Title of article :
On the equivalence of two normalizations in estimating shadow cost functions
Author/Authors :
Subal C. Kumbhakar، نويسنده , , Giannis Karagiannis، نويسنده ,
Issue Information :
روزنامه با شماره پیاپی سال 2004
Abstract :
We show that the shadow cost system that normalizes one price divergence parameter to unity is equivalent to the Balk system (that equates input costs based on actual and shadow prices), which is a simultaneous equation (not a seemingly unrelated regression, SUR) system.
Keywords :
Shadow cost functions , Equivalence , Two normalizations
Journal title :
Economics Letters
Journal title :
Economics Letters