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Modeling dependence in two-tier stochastic frontier models
The two-tier stochastic frontier model has seen widespread application across a range of social science domains. It is particularly useful in...
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The wrong skewness problem in stochastic frontier analysis: a review
We provide a review of the literature related to the “wrong skewness problem” in stochastic frontier analysis. We identify two distinct approaches,...
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Measuring the effect of management on production: a two-tier stochastic frontier approach
We revisit the production frontier of a firm, and we examine the effects that the firm’s management has on output. In order to estimate these effects...
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The noise error component in stochastic frontier analysis
With a little help from a handful of scholars, the noise component of the composed error in a production model created the stochastic frontier...
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“Wrong” skewness and endogenous regressors in stochastic frontier models: an instrument-free copula approach with an application to estimate firm efficiency in Vietnam
Stochastic frontier models commonly assume positively skewed inefficiency. However, if the data speak against this assumption, sample-failure...
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Stochastic frontier models using the Generalized Exponential distribution
We present a new, single-parameter distributional specification for the one-sided error components in single-tier and two-tier stochastic frontier...
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Stochastic Frontier Analysis: Foundations and Advances II
This chapter continues to review some of the most important developments in the econometric estimation of productivity and efficiency surrounding the...
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Bargaining power and information asymmetry in China’s water market: an empirical two-tier stochastic frontier analysis
China is committed to building a water-saving society, and one of the most important measures is to build a water market. However, after 10 years of...
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Does the Digital Economy Contribute to Low-Carbon Development? Evidence from China’s 278 Cities
The digital economy significantly changes China’s economy and environment. Previous studies assume the unilateral effect of the digital economy on...
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Stochastic Frontier Analysis: Foundations and Advances II
This chapter continues to review some of the most important developments in the econometric estimation of productivity and efficiency surrounding the...
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Optimal design for redistributions among endogenous buyers and sellers
Given a large market of individuals entitled to equal shares of a limited resource, each allowed to buy or sell the shares, we characterize the...
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A dynamic stochastic frontier model with threshold effects: U.S. bank size and efficiency
Common/Single frontier methodologies that are used to analyze bank efficiency and performance can be misleading because of the homogeneous technology...
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Efficiency in electricity distribution in Sweden and the effects of small-scale generation, electric vehicles and dynamic tariffs
We measure the cost of technical inefficiency for local electricity distribution firms in Sweden using Stochastic Frontier Analysis, and explore how...
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Consumer lending efficiency: commercial banks versus a fintech lender
Fintechs are believed to help expand credit access to underserved consumers without taking on additional risk. We compare the performance efficiency...
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The role of poverty measurements in achieving educational equity through school finance reform
In this paper, we estimate a series of stochastic frontier cost functions for elementary schools, using a short panel of Texas data that allows us to...
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Distributional Forms in Stochastic Frontier Analysis
This chapter is a survey of developments in stochastic frontier modelling. The literature on stochastic frontiers has grown substantially in the...
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The role of green total factor productivity to farm-level performance: evidence from Norwegian dairy farms
In the economics literature, measuring the performance of a dairy farm with a total productivity index is common practice. Previous research, on the...
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The agency problem revisited: a structural analysis of managerial productivity and CEO compensation in large US commercial banks
The paper analyzes performance, incentives, and the inefficiencies that may arise due to agency problems and market power using a newly developed...
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Estimation of the two-tiered stochastic frontier model with the scaling property
The two-tiered stochastic frontier model has enjoyed success across a range of application domains where it is believed that incomplete information...