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Year of publication
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Truncated normal 1 efficiency 1 multivariate probabilities 1 stochastic frontier 1
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Free 1
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Book / Working Paper 1
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Undetermined 1
Author
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Horrace, William C. 1 Richards, Seth O. 1
Institution
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Center for Policy Research, Maxwell School 1
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Center for Policy Research Working Papers 1
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RePEc 1
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A Monte Carlo Study of Efficiency Estimates from Frontier Models
Horrace, William C.; Richards, Seth O. - Center for Policy Research, Maxwell School - 2007
Parametric stochastic frontier models yield firm-level conditional distributions of inefficiency that are truncated normal. Given these distributions, how should one assess and rank firm-level efficiency? This study compares the techniques of estimated (a) the conditional means of inefficiency...
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