Journal of Productivity Analysis

, Volume 33, Issue 2, pp 81–96

On functional form representation of multi-output production technologies

Authors

  • Rolf Färe
    • Department of Economics and Department of Agricultural and Resource EconomicsOregon State University
  • Carlos Martins-Filho
    • Department of EconomicsUniversity of Colorado
    • International Food Policy Research Institute
    • Luxembourg School of FinanceUniversity of Luxembourg
Article

DOI: 10.1007/s11123-009-0164-4

Cite this article as:
Färe, R., Martins-Filho, C. & Vardanyan, M. J Prod Anal (2010) 33: 81. doi:10.1007/s11123-009-0164-4

Abstract

The introduction of directional distance functions has given researchers an alternative to Shephard distance functions. In this paper we conduct a Monte Carlo study to investigate the performance of distance functions as an approximation for models of technology. Our results indicate that quadratic representations of technology have better approximation properties than translog parameterizations.

Keywords

Distance functionsParameterization

JEL Classification

D24C63

Copyright information

© Springer Science+Business Media, LLC 2009