 |
Journal articles
Measuring the Effects of Price Environment: An Application to U.S. Industries
Abstract : Our study proposes a methodology for emphasizing price environment in a nonparametric setting. Compared to traditional allocative efficiency, our measure does not require resources reallocation at the firm level. Moreover, it supposes a comparison of prices among peers. Total price effect is obtained by calculating the ratio between technical efficiency scores obtained with quantity-based data and value efficiency scores obtained with value-based data. This methodology can be extended in order to obtain output-?and input-specific price effects. An application is proposed to study price environments for U.S. industries over the period?1987-2014.
https://hal.archives-ouvertes.fr/hal-02498130
Contributor : Isabelle Celet <>
Submitted on : Wednesday, March 4, 2020 - 10:46:09 AM
Last modification on : Wednesday, September 30, 2020 - 3:19:22 AM
Contributor : Isabelle Celet <>
Submitted on : Wednesday, March 4, 2020 - 10:46:09 AM
Last modification on : Wednesday, September 30, 2020 - 3:19:22 AM