The half-normal specification for the two-tier stochastic frontier model

被引:0
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作者
Alecos Papadopoulos
机构
[1] Athens University of Economics and Business,Department of Economics
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关键词
Two-tier stochastic frontier analysis; Half-normal distribution; Maximum likelihood; Informational efficiency; C16; C21; D82; D83;
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摘要
In the context of the two-tier stochastic frontier model, we present a new closed-form stochastic specification, the half-normal one. Expressions to calculate average and conditional measures of inefficiency are provided, for regression specifications in levels and in logs. Some results related to model validation and maximum likelihood estimation are also presented.
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页码:225 / 230
页数:5
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