Confidence Statements for Efficiency Estimates from Stochastic Frontier Models

This paper is an empirical study of the uncertainty associated with estimates from stochastic frontier models. We show how to construct confidence intervals for estimates of technical efficiency levels under different sets of assumptions ranging from the very strong to the relatively weak. We demonstrate empirically how the degree of uncertainty associated with these estimates relates to the strength of the assumptions made and to various features of the data.

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Year of publication:	2002-06-20
Authors:	Horrace, William C. ; Schmidt, Peter
Institutions:	EconWPA
Subject:	Confidence intervals \| stochastic frontier models \| efficiency measurement

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Extent:	application/pdf
Series:	Econometrics.
Type of publication:	Book / Working Paper
Notes:	Type of Document - Acrobat PDF; prepared on IBM PC; to print on HP; pages: 42; figures: Included. None 42 pages
Classification:	C13 - Estimation
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005062533