Department of Economics

AUTHOR

Midmore Peter

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Production Economics , Theory - 2009

Measurement of Consumption Efficiency in Price-Quantity Space: A Distance Function Approach

In standard consumer demand analysis, it is implicitly assumed that consumers behave optimally and, thus, efficiently. However, optimality is a restrictive assumption to make for consumers’ actual behaviour. This study moves away from this restrictive assumption and develops a theoretical model for the analysis of consumer’s inefficiency in price-quantity space.

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Production Economics , Theory - 2002

Parametric Decomposition of Output Growth

This paper proposes a tractable approach for analyzing the sources of TFP changes (i.e., technical change, changes in technical and allocative inefficiency, and the scale effect) in a multi-output setting, while retaining the single-equation nature of the econometric procedure used to estimate the parameters of the underlying technology.

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