Estimation of cost efficiency without cost data

被引：8
|
作者：
Kutlu, Levent [1 ]
Wang, Ran [2 ]
机构：
[1] Georgia Inst Technol, Sch Econ, Atlanta, GA 30332 USA
[2] SunTrust Bank, 303 Peachtree St NE, Atlanta, GA USA
来源：
JOURNAL OF PRODUCTIVITY ANALYSIS | 2018年 / 49卷 / 2-3期
关键词：
Market power; Conduct parameter; Efficiency; Stochastic frontier analysis; Airlines; STOCHASTIC FRONTIER MODELS; STATES AIRLINE INDUSTRY; MARKET POWER; ENDOGENOUS REGRESSORS; PRICE DISPERSION; LIKELIHOOD ESTIMATION; COMPETITION; CONDUCT; INEFFICIENCY; OLIGOPOLY;
D O I：
10.1007/s11123-018-0527-9
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
One of the advantages of conduct parameter games is that they enable estimation of market power without total cost data. In line with this, we develop a conduct parameter based model to estimate the firm specific "marginal cost efficiency" and conduct without using total cost data. The marginal cost efficiency is an alternative measure of efficiency that is based on deadweight loss. We illustrate our methodology by estimating firm-route-quarter specific conducts and marginal cost efficiencies of U.S. airlines for Chicago based routes without using route-level total cost data.
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页码：137 / 151
页数：15
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