• 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
  • Pages
    5
  • From page
    15
  • To page
    19
  • 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
  • Serial Year
    2004
  • Journal title
    Economics Letters
  • Record number

    435321

    • Link To Document
    https://search.isc.ac/dl/search/defaultta.aspx?DTC=10&DC=435321