Abstract
In this paper, we discuss the specification and estimation of technical efficiency in a variety of stochastic frontier production models. The focus is on cross-sectional models. We start from the basic neoclassical production theory and introduce technical inefficiency in there. Various model specifications with several distributional assumptions on the inefficiency component are explored in detail. Theoretical and empirical issues are illustrated with empirical examples using STATA.
| Original language | English |
|---|---|
| Title of host publication | Benchmarking for Performance Evaluation |
| Subtitle of host publication | A Production Frontier Approach |
| Publisher | Springer India |
| Pages | 1-73 |
| Number of pages | 73 |
| ISBN (Electronic) | 9788132222538 |
| ISBN (Print) | 9788132222521 |
| DOIs | |
| State | Published - Jan 1 2015 |
Keywords
- Input- and output-oriented technical efficiency
- Maximum likelihood
- Production function
- Stochastic frontier
- Truncated distributions
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