Phuc Trong Ho; Burton, Michael P.; Hailu, Atakelty; Ma, … - In: Econometrics : open access journal 12 (2024) 3, pp. 1-18
This study estimates transient and persistent technical efficiencies (TEs) using a generalized true random-effects (GTRE) model. We estimate the GTRE model using maximum likelihood and Bayesian estimation methods, then compare it to three simpler models nested within it to evaluate the...
