Pitfalls in the estimation of a cost function that ignores allocative inefficiency: a Monte Carlo analysis

DOI10.1016/j.jeconom.2005.06.025zbMath1418.62494OpenAlexW2031276351MaRDI QIDQ278177

Hung-Jen Wang, Subal C. Kumbhakar

Publication date: 2 May 2016

Published in: Journal of Econometrics (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/j.jeconom.2005.06.025

zbMATH Keywords

technical inefficiencystochastic frontierallocative inefficiency

Mathematics Subject Classification ID

Applications of statistics to economics (62P20)

Related Items (1)

Centered-Residuals-Based Moment Estimator and Test for Stochastic Frontier Models

Uses Software

• frontier

Cites Work

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• Measuring technical and allocative inefficiency in the translog cost system: a Bayesian approach
• Estimating stochastic production and cost frontiers when technical and allocative inefficiency are correlated
• A Monte Carlo study of estimators of stochastic frontier production functions
• Formulation and estimation of stochastic frontier production function models
• Estimating technical and allocative inefficiency relative to stochastic production and cost frontiers
• Modeling allocative inefficiency in a translog cost function and cost share equations: An exact relationship
• Nonparametric testing of closeness between two unknown distribution functions
• Stochastic Frontier Analysis
• The Joint Measurement of Technical and Allocative Inefficiencies

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