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• W2089149591 abstract "The literature on non-parametric production analysis has formulated tests for profit maximizing behavior that do not require a parametric specification of technology. Negative test results have conventionally been interpreted as inefficiency, or have been attributed to data perturbations. In this paper, we exploit the possibility that negative test results reveal violations of the underlying neoclassical assumption that prices are exogenously fixed and perfectly certain. We propose non-parametric tests that do allow for endogenous price formation and price uncertainty. In addition, we investigate how to recover the technology and how to forecast behavior in new economic situations." @default.
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• W2089149591 date "2001-01-01" @default.
• W2089149591 modified "2023-09-25" @default.
• W2089149591 title "Non-parametric production analysis under alternative price conditions" @default.
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