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What is Frontier Cost Function

Chapter 235
Encyclopedia of Business Analytics and Optimization
It is a particular cost function that relaxes the cost minimization assumption, allowing the presence of some inefficiency, whose level differs across firms.
Published in Chapter:
Vertical Integration in Telecoms
Clementina Bruno (University of Piemonte Orientale and HERMES, Italy)
Copyright: © 2014 |Pages: 10
DOI: 10.4018/978-1-4666-5202-6.ch235
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