This study develops a new use of data envelopment analysis for estimating a stochastic frontier cost function that is assumed to have two different error components ...
Corporations, as well as nonprofit organizations, use cost centers to keep track of expenses. A cost center is a unit within a larger system that is responsible for a particular set of activities that ...
Measuring Markups from Revenue and Total Cost: An Application to Japanese Plant-Product Matched Data
The evolution of product markups has important implications for macroeconomic dynamics. However, thus far, the trends and distributions of product markups have been very different, depending on how ...
Cost structures of the kind usually posited in the economic theory of the firm do not seem to be readily ascertainable by an examination of business records. A somewhat different approach to the ...
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