Bayesian and frequentist criteria fundamentally differ, but often posterior sampling distributions agree asymptotically. For the corresponding single-draw experiment, we characterize size of a certain hypothesis test (possibly nonlinear) inequalities. If null is that parameter lies in specified half-space, then test’s equals α; if subset above otherwise, may be equal to, above, or below α. Reje...

In this paper a model of dynamic factor demands is presented for the Irish economy. Total costs, labour and capital are modelled on a two-stage basis. First, a static, long-run cost function is specified which allows for the derivation of expressions for optimal labour and capital demand. This function is assumed to be of the flexible, translog form and thus more general than the generic Cobb-D...

To prevent further increases in energy consumption, the government of Iran commenced energy subsidy reform in 2010. This paper investigates the fuel conservation effects of the reform in Iran using a homothetic translog cost function that provides estimates of the own- and cross-price elasticities of fuel demands. The percentage reduction in fuel demands is estimated using the likely effect of ...

This paper is concerned with the estimation of total factor productivity (TFP) growth for the Iranian electric utilities during the period 1980-1993 on the basis of panel data. A translog cost function is used which accommodates firm - specific variability through a one - way error component model. The results show that the Iranian electricity supply industry experienced increasing returns to s...

The soundness and efficiency of banks is one of the important subjects that neglecting it can have adverse consequences for every country's economy. For economies depending on the money market, such as the Iran economy, this subject is more critical. Therefore, in this study, using panel data related to 16 Iranian banks for the annual period of 2010-2017, the economic efficiency was determined ...

This study aims to measure the production capacity and capacity utilization in pharmaceutical industry. The capacity utilization is the ratio of actual production level to the potential production level which shows the gap between real production and production capacity. Method: Through econometric methods, the short-run translog cost function is estimated with the cost share function of produ...

Relative Efficiency, Scale Effect, and Scope Effect of Public Hospitals: Evidence from Australia Using the 1997-1998 New South Wales public-hospitals comparison data, we investigate the hospital-level inefficiency by applying a stochastic-frontier multiproduct cost function. We use a flexible translog cost function to reduce the measurement errors of the outputs of the hospital. The main findin...

This paper is the first to investigate both the technical and cost efficiency of more than 1500 German general hospitals. More specifically, it deals with the question how hospital efficiency varies with ownership, patient structure, and other exogenous factors, which are neither inputs to nor outputs of the production process. The empirical results for the years from 2001 to 2003 indicate that...

This paper develops a tractable theoretical framework for analyzing the substitutability between different advertising media, the extent of marketing spillovers in the market, the allocative efficiency of advertising spending, and the sources of total advertising productivity and sales growth. Maintaining the separability assumption between sales and production technology, the proposed methodol...

the current study attempted to investigate the mathematical sturcuture of cost function of irrigated wheat crop in kurdistan province. the methodolgy is based on duality assumption. the sample size is 257 farmers for the agricultural year 2011-2012.data was collected byinterviewwith farmers and writing writerquestionnaire.the multistage cluster random sampling used. the results showed that, the...