Alternative technical efficiency measures: skew, bias and scale
In the fixed-effects stochastic frontier model an efficiency measure relative to the best firm in the sample is universally employed. This paper considers a new measure relative to the worst firm in the sample. We find that estimates of this measure have smaller bias than those of the traditional me...
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| Main Authors: | , |
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| Other Authors: | |
| Format: | Article |
| Language: | English |
| Published: |
2013
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| Subjects: | |
| Online Access: | https://hdl.handle.net/10356/105568 http://hdl.handle.net/10220/17036 http://dx.doi.org/10.1002/jae.1190 |
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| Institution: | Nanyang Technological University |
| Language: | English |