Makieła, Kamil; Mazur, Błażej - In: Econometrics 8 (2020) 2, pp. 1-22
This paper discusses Bayesian model averaging (BMA) in Stochastic Frontier Analysis and investigates inference sensitivity to prior assumptions made about the scale parameter of (in)efficiency. We turn our attention to the "standard" prior specifications for the popular normal-half-normal and...