This study develops a new use of data envelopment analysis for estimating a stochastic frontier cost function that is assumed to have two different error components ...
Marginal cost refers to the change in total cost arising from the production of one additional unit. For example, in a manufacturing firm, the marginal cost will give a measure of the change in total ...
Cost structures of the kind usually posited in the economic theory of the firm do not seem to be readily ascertainable by an examination of business records. A somewhat different approach to the ...
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