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    The Econometric Approach to Efficiency Analysis

    Access Status
    Fulltext not available
    Authors
    Greene, William
    Date
    2008
    Type
    Book Chapter
    
    Metadata
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    Citation
    Greene, W. 2008. The Econometric Approach to Efficiency Analysis. In The Measurement of Productive Efficiency and Productivity Change.
    Source Title
    The Measurement of Productive Efficiency and Productivity Change
    DOI
    10.1093/acprof:oso/9780195183528.003.0002
    ISBN
    9780199870288
    School
    School of Economics and Finance
    URI
    http://hdl.handle.net/20.500.11937/33241
    Collection
    • Curtin Research Publications
    Abstract

    © Oxford University Press, 2013.This chapter provides an overview of techniques for econometric analysis of technical (production) and economic (cost) efficiency. The stochastic frontier model of Aigner, Lovell, and Schmidt (1977) is now the standard econometric platform for this type of analysis. The underlying models and econometric techniques that have been used in studying technical inefficiency in the stochastic frontier framework are surveyed, and some of the recent developments in econometric methodology are presented. Applications that illustrate some of the computations are presented in the final section.

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