Tangency capacity notions based upon the profit and cost functions: A non-parametric approach and a general comparison
This contribution provides a way to define and compute a tangency notion of economic capacity based upon the relation between the various directional distance functions and the profit and cost functions using non-parametric technologies. A new result relating profit and cost function-based tangency capacity notions is established.
Year of publication: |
2010
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Authors: | Briec, Walter ; Kerstens, Kristiaan ; Prior, Diego ; Van de Woestyne, Ignace |
Published in: |
Economic Modelling. - Elsevier, ISSN 0264-9993. - Vol. 27.2010, 5, p. 1156-1166
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Publisher: |
Elsevier |
Keywords: | Economic capacity Profit function Cost function Directional distance function Tangency |
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