Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/187295
Authors: 
Alba, Michael M.
Year of Publication: 
1995
Series/Report no.: 
PIDS Discussion Paper Series 1995-21
Abstract: 
Using full-information maximum likelihood on a cross-section sample of 65 hospitals from seven Philippine provinces, this paper jointly estimates a two-output transcendental logarithmic variable cost function and four share equations. Results comply with the inequality conditions and the estimated function is found to be monotonic in both factor prices and outputs, concave in input prices and convex in outputs.
Subjects: 
drugs/medicine
hospitals
average cost
aggregation
cost functions
duality
Young's theorem
cost elasticity
cost shares
economies of scale
Document Type: 
Working Paper

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