A Nonparametric Approach to Expenditure‐Constrained Profit Maximization
开发了一种非参数方法，用于分析支出约束下的利润最大化问题，通过构建确定性前沿利润函数，利用放弃的利润作为支出约束存在的证据，并对加州稻农数据进行实证分析，发现82家农场中有17家因支出约束遭受利润损失。
Abstract A nonparametric approach to expenditure‐constrained profit maximization is developed. A deterministic frontier profit function is constructed with and without expenditure constraints. Foregone profit is used as dual evidence for the existence of expenditure constraints. Individual evaluations on performance and expenditure constraints are produced. Empirical analysis is based on survey data for California rice farms. Seventeen of the eighty‐two surveyed farms experience profit loss as a result of expenditure constraints.