Allocative efficiency measurement with endogenous prices |
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| Authors: | Andrew L. Johnson John Ruggiero |
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| Affiliation: | a Texas A&M University, United Statesb University of Dayton, United States |
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| Abstract: | In the nonparametric measurement of allocative efficiency, output prices are fixed. If prices are endogenous, the overall output in the market determines the allocative efficient point. We develop an alternative semi-nonparametric model that allows prices to be endogenously determined. |
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| Keywords: | C6 D2 |
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