Abstract
Traditional input or output-based technical efficiency measures render composed error stochastic profit frontier estimation intractable for cross-sectional data. An alternative measure based on the gauge function simplifies estimation, permitting econometric techniques commonly used for stochastic cost frontiers.
Original language | English (US) |
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Pages (from-to) | 272-277 |
Number of pages | 6 |
Journal | Economics Letters |
Volume | 88 |
Issue number | 2 |
DOIs | |
State | Published - Aug 2005 |
Externally published | Yes |
Keywords
- Efficiency
- Gauge function
- Stochastic frontier analysis
- Translog profit function
ASJC Scopus subject areas
- Finance
- Economics and Econometrics