A measure of economic efficiency using returns to scale

The objective of this paper is to suggest a simple method to measure the economic efficiency of firms using returns to scale, when there are no price data. The empirical application of the method has been demonstrated with farm-level data from South India.

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Bibliographic Details
Published inEconomics letters Vol. 56; no. 3; pp. 253 - 257
Main Author Kalirajan, K.P.
Format Journal Article
LanguageEnglish
Published Amsterdam Elsevier B.V 01.11.1997
Elsevier
North Holland
SeriesEconomics Letters
Subjects
Economic efficiency
Economic efficiency and random coefficients regression model
Measurement
Ray homothetic production function
Returns to scale
D21
Returns to scale
C21
Ray homothetic production function
Economic efficiency and random coefficients regression model
B41
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Summary:The objective of this paper is to suggest a simple method to measure the economic efficiency of firms using returns to scale, when there are no price data. The empirical application of the method has been demonstrated with farm-level data from South India.
Bibliography:ObjectType-Article-2
SourceType-Scholarly Journals-1
ObjectType-Feature-1
content type line 23
ISSN:0165-1765
1873-7374
DOI:10.1016/S0165-1765(97)00169-9