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This chapter is a survey of developments in stochastic frontier modelling. The literature on stochastic frontiers has grown substantially in the 42 years since the seminal work by Aigner et al. (J. Econom 6 (1): 21–37, 1977). There exist many surveys of this literature that cover a broad range...
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This paper highlights the importance of modelling the interaction between returns to scale/density and heterogeneity of services when evaluating optimal size and structure of passenger rail operations. We propose and estimate a hedonic cost function which allows us to incorporate measures of...
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This paper makes two important contributions to the literature on prediction intervals for firm specific inefficiency estimates in cross sectional SFA models. Firstly, the existing intervals in the literature do not correspond to the minimum width intervals and in this paper we discuss how to...
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In this paper we consider the sensitivity of functional form in the popular panel data stochastic frontier model proposed by Battese and Battese and Coelli (BC, 1992). We demonstrate that adopting the (t−T) efficiency functional form used by BC can, in a model which allows for firm specific...
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