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    Reference Work Entry In depth

    Stochastic Frontier Models

    The stochastic frontier model was first proposed in the context of production function estimation to account for the effect of technical inefficiency. The inefficiency causes actual output to fall below the po...

    Hung-Jen Wang in The New Palgrave Dictionary of Economics (2018)

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    Reference Work Entry At a glance

    Stochastic Frontier Models

    The stochastic frontier model was first proposed by Aigner, Lovell and Schmidt (1977) and Meeusen and van den Broeck (1977) in the context of production function estimation. The model extends the classical pro...

    Hung-Jen Wang in The New Palgrave Dictionary of Economics (2008)

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    Living Reference Work Entry In depth

    Stochastic Frontier Models

    The stochastic frontier model was first proposed in the context of production function estimation to account for the effect of technical inefficiency. The inefficiency causes actual output to fall below the po...

    Hung-Jen Wang in The New Palgrave Dictionary of Economics