Huang, Tai-Hsin; Chiang, Dien-Lin; Tsai, Chao-Min - In: Economic Modelling 44 (2015) C, pp. 188-199
This paper establishes a new metafrontier directional technology distance function (MDDF) under a stochastic framework, rather than a deterministic setting like the one proposed by Battese et al. (2004). The new MDDF allows for calculating comparable technical efficiencies for banks under...