Allocative Distortions, Technical Progress, and Input Demand in U. S. Airline : 1970-1984  

Oleh:

Kumbhakar, Subal C.

Jenis: Article from Bulletin/Magazine
Dalam koleksi: INTERNATIONAL ECONOMIC REVIEW vol. 33 no. 3 (1992), page 723-738.
Topik: demand; distortions; technical progress; demand; airlines

Ketersediaan

Perpustakaan Pusat (Semanggi) Nomor Panggil: II49.2 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada

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Isi artikel

This paper generalizes a globally concave and flexible cost function to accommodate allocative distortions. These distortions are introduced through shadow prices and are specified as functions of regressors which make distortion factors firm, input and time specific. The estimated model, based on a panel of 19 U. S. airlines observed during 1970 - 1984, rejects the hypothesis of no allocative distortions. Increase in costs due to allocative distortions are calculated for each airline over the entire period. The rate of technical progress and economies of scale are also estimated based on models with and without allocative distortions.

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