Książka Estimating State-Contingent Technologies Sriram Shankar

Estimating State-Contingent Technologies

Efficiency and Productivity Measurement In the Presence of Risk

Język: Angielski
Oprawa: Miękka
Dostępność: Dostępna u dostawcy
Wysyłamy za 5-8 dni
289.18
Empirical application of state-contingent approach has proved difficult, not because this approach i...

Informacje o książce

Język
Angielski
Oprawa
Książka - Miękka
Data wydania
2011
strony
256
EAN
9783846597422
Enbook ID
07089347
Waga
398
Wymiary
150 x 220 x 15

Pełny opis

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.

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