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A major aim in recent nonparametric frontier modeling is to estimate a partial frontier well inside the sample of production units but near the optimal boundary. Two concepts of partial boundaries of the production set have been proposed: an expected maximum output frontier of order and a...
Persistent link: https://www.econbiz.de/10010898813
A major aim in recent nonparametric frontier modeling is to estimate a partial frontier well inside the sample of production units but near the optimal boundary. Two concepts of partial boundaries of the production set have been proposed: an expected maximum output frontier of order m=1,2,......
Persistent link: https://www.econbiz.de/10008866571
Persistent link: https://www.econbiz.de/10008877470
The class of quantiles lies at the heart of extreme-value theory and is one of the basic tools in risk management. The alternative family of expectiles is based on squared rather than absolute error loss minimization. The exibility and virtues of these least squares analogues of quantiles are...
Persistent link: https://www.econbiz.de/10011262946
In production theory and efficiency analysis, we estimate the production frontier, the locus of the maximal attainable level of an output (the production), given a set of inputs (the production factors). In other setups, we estimate rather an input (or cost) frontier, the minimal level of the...
Persistent link: https://www.econbiz.de/10011052254
The estimation of optimal support boundaries under the monotonicity constraint is relatively unexplored and still in full development. This article examines a new extreme-value based model which provides a valid alternative for complete envelopment frontier models that often suffer from lack of...
Persistent link: https://www.econbiz.de/10011052283
Estimation of support frontiers and boundaries often involves monotone and/or concave edge data smoothing. This estimation problem arises in various unrelated contexts, such as optimal cost and production assessments in econometrics and master curve prediction in the reliability programs of...
Persistent link: https://www.econbiz.de/10010934794
The estimation of optimal support boundaries under the monotonicity constraint is relatively unexplored and still in full development. This article examines a new extreme-value based model which provides a valid alternative for completely envelopment frontier models that often super from lack of...
Persistent link: https://www.econbiz.de/10011004725
When faced with multiple inputs X ∈ Rp + and outputs Y ∈ Rq +, traditional quantile regression of Y conditional on X = x for measuring economic efficiency in the output (input) direction is thwarted by the absence of a natural ordering of Euclidean space for dimensions q (p) greater than...
Persistent link: https://www.econbiz.de/10011004748
Persistent link: https://www.econbiz.de/10005052901