Consistent estimation of technical and allocative efficiencies for a semiparametric stochastic cost frontier with shadow input prices

Tai Hsin Huang, Kuan Chen Chen, Chien Hsiu Lin, Ming Tai Chung

研究成果: 雜誌貢獻文章同行評審

1 引文 斯高帕斯(Scopus)

摘要

Conventional parametric stochastic cost frontier models are likely to suffer from biased inferences due to misspecification and the ignorance of allocative efficiency (AE). To fill up the gap in the literature, this article proposes a semiparametric stochastic cost frontier with shadow input prices that combines a parametric portion with a nonparametric portion and that allows for the presence of both technical efficiency (TE) and AE. The introduction of AE and the nonparametric function into the cost function complicates substantially the estimation procedure. We develop a new estimation procedure that leads to consistent estimators and valid TE and AE measures, which are proved by conducting Monte Carlo simulations.

原文英語
頁(從 - 到)307-320
頁數14
期刊Journal of Productivity Analysis
41
發行號2
DOIs
出版狀態已發佈 - 四月 2014

ASJC Scopus subject areas

  • 商業與國際管理
  • 經濟學與計量經濟學
  • 社會科學(雜項)

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