This study deepens the measurement of technical inefficiency in private maize farming in Georgia, applying iocelly parametric (LP) r eg ression method, whicb builds on the stochastic frantier production function appraach. Detailed survey data for 221 mixed farms for 1997 are used in the estimations. Findings suggest: (i) maize production can be further increased by breaking up large farms into ...

The payoff distribution pricing model (PDPM) of Dybvig [13] is a powerful tool for measuring the inefficiency of any investment strategy in a multiperiod setting. In this study, we extend the PDPM in three major ways. Firstly, we develop an operational formula for computing the inefficiency amount of a strategy. Secondly, we use six different investment horizons spanning from one month to five ...

efficiency in agricultural production is indicative of the efficiency level of farm households in their farming activities. farmers in developing countries do not make use of all the potential technological resources, thus making inefficient decisions in their agricultural activities. herein, technical efficiency in relation with the production of three types of rice crop (boro, aus and aman) w...

 The importance of community's health followed by the consideration of endogenous growth models has led to an increase in health expenditure of countries to speed up economic growth and development. This has made the efficiency of health production function to an essential issue especially in developing countries. Based upon this, the present study with employing the stochastic frontier analysi...