Tangency capacity notions based upon the profit and cost functions: A non-parametric approach and a general comparison

Walter Briec, Kristiaan Kerstens, Diego Prior, Ignace Van de Woestyne

Research output: Contribution to journalArticleResearchpeer-review

4 Citations (Scopus)

Abstract

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. © 2010 Elsevier B.V.
Original languageEnglish
Pages (from-to)1156-1166
JournalEconomic Modelling
Volume27
Issue number5
DOIs
Publication statusPublished - 1 Sep 2010

Keywords

  • Cost function
  • Directional distance function
  • Economic capacity
  • Profit function
  • Tangency

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