Quasi-Bayesian inference for production frontiers

• Main Authors: LIU, Xiaobin, YANG, Thomas Tao, ZHANG, Yichong
• Format: text
• Language: English
• Published: Institutional Knowledge at Singapore Management University 2020
• Subjects: Fixed-k asymptotics; extreme value theory; Econometrics
• Online Access: https://ink.library.smu.edu.sg/soe_research/2119; https://ink.library.smu.edu.sg/context/soe_research/article/3119/viewcontent/1709.08846.pdf
• Institution: Singapore Management University

We propose a quasi-Bayesian method to conduct inference for the production frontier. This approach combines multiple first-stage extreme quantile estimates by the quasi-Bayesian method to produce the point estimate and confidence interval for the production frontier. We show the asymptotic propertie...