Our chapter surveys the literature on why market prices may provide distorted signals, ie,
diverge from socially efficient prices. There are a number of reasons for this to occur, such as …

This chapter reviews the ways in which cost, revenue, and profit functions are used to
identify and characterize an underlying technology. It concentrates on the more widely used …

The purpose of this article is to construct a dynamic stochastic production frontier
incorporating the sluggish adjustment of inputs, to measure the speed of adjustment of …

This chapter reviews the ways in which cost, revenue, and profit functions are used to
identify and characterize an underlying technology. It concentrates on the more widely used …

Young (1994) and Kim and Lau (1994), among others, argue that the Asian Miracle of
relatively high growth was largely due to increases in factor inputs. Productivity growth …

This thesis consists of three independent chapters. The first chapter “Bayesian Inference in
Dynamic Panel Stochastic Frontier Models” proposes a new stochastic frontier model which …

I address various issues in income inequality, productivity, and the interplay among
incentives, productivity, and compensation, outlined in Chapter 1. Chapter 2 provides an in …

This paper provides estimation method to measure technical efficiency of production units
and the speed of adjustment of output, both varying with time, from a dynamic stochastic …