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Estimating State-Contingent Technologies

Name: Estimating State-Contingent Technologies
Brand: LAP Lambert Academic Publishing
SKU: 07089347
Price: 74.64 EUR
Availability: InStock
Author: Sriram Shankar
ISBN: 9783846597422

Efficiency and Productivity Measurement In the Presence of Risk

Sriram Shankar

Language

English

Book Paperback

Libristo code: 07089347

Publishers LAP Lambert Academic Publishing, November 2010

Empirical application of state-contingent approach has proved difficult, not because this approach i... Full description

Libristo code: 07089347

180 b

74.64 €

145.98 лв

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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.