Estimating State-Contingent Technologies: Efficiency and Productivity Measurement In the Presence of Risk - Image 1

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LAP Lambert Academic Publishing Estimating State-Contingent Technologies: Efficiency and Productivity Measurement In the Presence of Risk

Name: Estimating State-Contingent Technologies: Efficiency and Productivity Measurement In the Presence of Risk
Brand: LAP Lambert Academic Publishing
Price: 68.0 GBP
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Description

Empirical application of state-contingent approach has proved difficult, not because this approach is intractable, but because in the state-contingent framework it is difficult to estimate the production technology in the face of endogenous producers responding to uncertainty. One of the important reasons for this difficulty is that most of data required for applying standard methods of estimation are lost in the potentially unrealized states of the world. We develop an econometric methodology in order to estimate state-contingent technologies. Furthermore, we demonstrate how our state-contingent model can be used to decompose output shortfalls into inefficiency and risk components. Finally, we apply our econometric estimation technique to Philippine rice data.

Product Specifications

Brand: LAP Lambert Academic Publishing
Format: paperback
ASIN: 3846597422
Category: Books > Subjects
Domain: Amazon UK
Release Date: 25 November 2011
Listed Since: 28 November 2011

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LAP Lambert Academic Publishing Estimating State-Contingent Technologies: Efficiency and Productivity Measurement In the Presence of Risk

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