Handling losses in translog profit models

In this paper, we compare standard approaches used to handle losses in logarithmic stochastic profit frontier models with a simple novel approach. We discuss discriminatory power, rank stability and precision of profit eﬃciency scores. Our new method enhances rank stability and discriminatory power, and improves the precision of profit efficiency scores.

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Year of publication:	2006-09-26
Authors:	Bos, J.W.B. ; Koetter, M.
Institutions:	Volkswirtschaftliche Fakultät, Ludwig-Maximilians-Universität München
Subject:	profit efficiency \| stochastic frontier analysis \| truncation and censoring

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Extent:	application/pdf
Series:	MPRA Paper.
Type of publication:	Book / Working Paper
Classification:	L23 - Organization of Production ; C24 - Truncated and Censored Models ; G21 - Banks; Other Depository Institutions; Mortgages
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005837414