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A generalized flexible functional form for α-returns to scale
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A generalized flexible functional form for α-returns to scale
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Journal Article
A generalized flexible functional form for α-returns to scale
2023
Overview
This study proposes a new flexible functional form for distance functions. This generalizes the existing functional form of Diewert (1992b) by allowing for α-returns to scale technology and employing the quadratic mean of order r aggregator function. Because we allow parameter α to be any strictly positive real number and r to be any non-zero real number, it includes a variety of functional forms as special cases, and all of them can now be considered as flexible functional forms.
Publisher
Springer Nature B.V
Subject
