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Stochastic Frontier Analysis
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Book Synopsis Stochastic Frontier Analysis by : Subal C. Kumbhakar
Download or read book Stochastic Frontier Analysis written by Subal C. Kumbhakar and published by Cambridge University Press. This book was released on 2003-03-10 with total page 348 pages. Available in PDF, EPUB and Kindle. Book excerpt: Modern textbook presentations of production economics typically treat producers as successful optimizers. Conventional econometric practice has generally followed this paradigm, and least squares based regression techniques have been used to estimate production, cost, profit and other functions. In such a framework deviations from maximum output, from minimum cost and cost minimizing input demands, and from maximum profit and profit maximizing output supplies and input demands, are attributed exclusively to random statistical noise. However casual empiricism and the business press both make persuasive cases for the argument that, although producers may indeed attempt to optimize, they do not always succeed. This book develops econometric techniques for the estimation of production, cost and profit frontiers, and for the estimation of the technical and economic efficiency with which producers approach these frontiers. Since these frontiers envelop rather than intersect the data, and since the authors continue to maintain the traditional econometric belief in the presence of external forces contributing to random statistical noise, the work is titled Stochastic Frontier Analysis.
Book Synopsis A Practitioner's Guide to Stochastic Frontier Analysis Using Stata by : Subal C. Kumbhakar
Download or read book A Practitioner's Guide to Stochastic Frontier Analysis Using Stata written by Subal C. Kumbhakar and published by Cambridge University Press. This book was released on 2015-01-26 with total page 375 pages. Available in PDF, EPUB and Kindle. Book excerpt: A Practitioner's Guide to Stochastic Frontier Analysis Using Stata provides practitioners in academia and industry with a step-by-step guide on how to conduct efficiency analysis using the stochastic frontier approach. The authors explain in detail how to estimate production, cost, and profit efficiency and introduce the basic theory of each model in an accessible way, using empirical examples that demonstrate the interpretation and application of models. This book also provides computer code, allowing users to apply the models in their own work, and incorporates the most recent stochastic frontier models developed in academic literature. Such recent developments include models of heteroscedasticity and exogenous determinants of inefficiency, scaling models, panel models with time-varying inefficiency, growth models, and panel models that separate firm effects and persistent and transient inefficiency. Immensely helpful to applied researchers, this book bridges the chasm between theory and practice, expanding the range of applications in which production frontier analysis may be implemented.
Book Synopsis Stochastic Frontier Analysis by : Subal C. Kumbhakar
Download or read book Stochastic Frontier Analysis written by Subal C. Kumbhakar and published by Cambridge University Press. This book was released on 2003-03-10 with total page 348 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book develops econometric techniques for the estimation of production, cost and profit frontiers, and for the estimation of the technical and economic efficiency with which producers approach these frontiers. Since these frontiers envelop rather than intersect the data, and since the authors continue to maintain the traditional econometric belief in the presence of external forces contributing to random statistical noise, the work is titled Stochastic Frontier Analysis. Hb ISBN (2000): 0-521-48184-8
Book Synopsis Measurement of Productivity and Efficiency by : Robin C. Sickles
Download or read book Measurement of Productivity and Efficiency written by Robin C. Sickles and published by Cambridge University Press. This book was released on 2019-03-28 with total page 631 pages. Available in PDF, EPUB and Kindle. Book excerpt: Provides a comprehensive approach to productivity and efficiency analysis using economic and econometric theory.
Book Synopsis Advances in Efficiency and Productivity Analysis by : Christopher F. Parmeter
Download or read book Advances in Efficiency and Productivity Analysis written by Christopher F. Parmeter and published by Springer Nature. This book was released on 2020-10-21 with total page 371 pages. Available in PDF, EPUB and Kindle. Book excerpt: The volume examines the state-of-the-art of productivity and efficiency analysis. It brings together a selection of the best papers from the 10th North American Productivity Workshop. By analyzing world-wide perspectives on challenges that local economies and institutions may face when changes in productivity are observed, readers can quickly assess the impact of productivity measurement, productivity growth, dynamics of productivity change, measures of labor productivity, measures of technical efficiency in different sectors, frontier analysis, measures of performance, industry instability and spillover effects. The contributions in this volume focus on the theory and application of economics, econometrics, statistics, management science and operational research related to problems in the areas of productivity and efficiency measurement. Popular techniques and methodologies including stochastic frontier analysis and data envelopment analysis are represented. Chapters also cover broader issues related to measuring, understanding, incentivizing and improving the productivity and performance of firms, public services, and industries.
Book Synopsis A Practitioner's Guide to Stochastic Frontier Analysis Using Stata by : Subal C. Kumbhakar
Download or read book A Practitioner's Guide to Stochastic Frontier Analysis Using Stata written by Subal C. Kumbhakar and published by Cambridge University Press. This book was released on 2015-02-02 with total page 375 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides practitioners with a step-by-step guide on how to conduct efficiency analysis using the stochastic frontier approach.
Book Synopsis The Econometrics of Panel Data by : Lászlo Mátyás
Download or read book The Econometrics of Panel Data written by Lászlo Mátyás and published by Springer Science & Business Media. This book was released on 2008-04-06 with total page 966 pages. Available in PDF, EPUB and Kindle. Book excerpt: This restructured, updated Third Edition provides a general overview of the econometrics of panel data, from both theoretical and applied viewpoints. Readers discover how econometric tools are used to study organizational and household behaviors as well as other macroeconomic phenomena such as economic growth. The book contains sixteen entirely new chapters; all other chapters have been revised to account for recent developments. With contributions from well known specialists in the field, this handbook is a standard reference for all those involved in the use of panel data in econometrics.
Book Synopsis Benchmarking with DEA, SFA, and R by : Peter Bogetoft
Download or read book Benchmarking with DEA, SFA, and R written by Peter Bogetoft and published by Springer Science & Business Media. This book was released on 2010-11-19 with total page 362 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book covers recent advances in efficiency evaluations, most notably Data Envelopment Analysis (DEA) and Stochastic Frontier Analysis (SFA) methods. It introduces the underlying theories, shows how to make the relevant calculations and discusses applications. The aim is to make the reader aware of the pros and cons of the different methods and to show how to use these methods in both standard and non-standard cases. Several software packages have been developed to solve some of the most common DEA and SFA models. This book relies on R, a free, open source software environment for statistical computing and graphics. This enables the reader to solve not only standard problems, but also many other problem variants. Using R, one can focus on understanding the context and developing a good model. One is not restricted to predefined model variants and to a one-size-fits-all approach. To facilitate the use of R, the authors have developed an R package called Benchmarking, which implements the main methods within both DEA and SFA. The book uses mathematical formulations of models and assumptions, but it de-emphasizes the formal proofs - in part by placing them in appendices -- or by referring to the original sources. Moreover, the book emphasizes the usage of the theories and the interpretations of the mathematical formulations. It includes a series of small examples, graphical illustrations, simple extensions and questions to think about. Also, it combines the formal models with less formal economic and organizational thinking. Last but not least it discusses some larger applications with significant practical impacts, including the design of benchmarking-based regulations of energy companies in different European countries, and the development of merger control programs for competition authorities.
Book Synopsis Handbook of Production Economics by : Subhash C. Ray
Download or read book Handbook of Production Economics written by Subhash C. Ray and published by Springer Nature. This book was released on 2022-06-02 with total page 1797 pages. Available in PDF, EPUB and Kindle. Book excerpt: This three-volume handbook includes state-of-the-art surveys in different areas of neoclassical production economics. Volumes 1 and 2 cover theoretical and methodological issues only. Volume 3 includes surveys of empirical applications in different areas like manufacturing, agriculture, banking, energy and environment, and so forth.
Book Synopsis Efficiency Analysis by : Subal Kumbhakar
Download or read book Efficiency Analysis written by Subal Kumbhakar and published by Now Publishers. This book was released on 2014-12-19 with total page 140 pages. Available in PDF, EPUB and Kindle. Book excerpt: Efficiency Analysis details the important econometric area of efficiency estimation, both past approaches as well as new methodology. There are two main camps in efficiency analysis: that which estimates maximal output and attributes all departures from this as inefficiency, known as Data Envelopment Analysis (DEA), and that which allows for both unobserved variation in output due to shocks and measurement error as well as inefficiency, known as Stochastic Frontier Analysis (SFA). This volume focuses exclusively on SFA. The econometric study of efficiency analysis typically begins by constructing a convoluted error term that is composed on noise, shocks, measurement error, and a one-sided shock called inefficiency. Early in the development of these methods, attention focused on the proposal of distributional assumptions which yielded a likelihood function whereby the parameters of the distributional components of the convoluted error could be recovered. The field evolved to the study of individual specific efficiency scores and the extension of these methods to panel data. Recently, attention has focused on relaxing the stringent distributional assumptions that are commonly imposed, relaxing the functional form assumptions commonly placed on the underlying technology, or some combination of both. All told exciting and seminal breakthroughs have occurred in this literature, and reviews of these methods are needed to effectively detail the state of the art. The generality of SFA is such that the study of efficiency has gone beyond simple application of frontier methods to study firms and appears across a diverse set of applied milieus. This review should appeal to those outside of the efficiency literature seeking to learn about new methods which might assist them in uncovering phenomena in their applied area of interest.
Book Synopsis Panel Data Econometrics by : Mike Tsionas
Download or read book Panel Data Econometrics written by Mike Tsionas and published by Academic Press. This book was released on 2019-06-19 with total page 432 pages. Available in PDF, EPUB and Kindle. Book excerpt: Panel Data Econometrics: Theory introduces econometric modelling. Written by experts from diverse disciplines, the volume uses longitudinal datasets to illuminate applications for a variety of fields, such as banking, financial markets, tourism and transportation, auctions, and experimental economics. Contributors emphasize techniques and applications, and they accompany their explanations with case studies, empirical exercises and supplementary code in R. They also address panel data analysis in the context of productivity and efficiency analysis, where some of the most interesting applications and advancements have recently been made. Provides a vast array of empirical applications useful to practitioners from different application environments Accompanied by extensive case studies and empirical exercises Includes empirical chapters accompanied by supplementary code in R, helping researchers replicate findings Represents an accessible resource for diverse industries, including health, transportation, tourism, economic growth, and banking, where researchers are not always econometrics experts
Book Synopsis An Introduction to Efficiency and Productivity Analysis by : Timothy J. Coelli
Download or read book An Introduction to Efficiency and Productivity Analysis written by Timothy J. Coelli and published by Springer Science & Business Media. This book was released on 2005-07-22 with total page 376 pages. Available in PDF, EPUB and Kindle. Book excerpt: Softcover version of the second edition Hardcover. Incorporates a new author, Dr. Chris O'Donnell, who brings considerable expertise to the project in the area of performance measurement. Numerous topics are being added and more applications using real data, as well as exercises at the end of the chapters. Data sets, computer codes and software will be available for download from the web to accompany the volume.
Book Synopsis The Measurement of Productive Efficiency by : Harold O. Fried
Download or read book The Measurement of Productive Efficiency written by Harold O. Fried and published by Oxford University Press. This book was released on 1993-04-22 with total page 442 pages. Available in PDF, EPUB and Kindle. Book excerpt: This work focuses on measuring and explaining producer performance. The authors view performance as a function of the state of technology and economic efficiency, with the former defining a frontier relation between inputs and outputs; the former incorporating waste and misallocation relative to this frontier. They show that insights can be gained by allowing for the possibility of a divergence between the economic objective and actual performance, and by associating this inefficiency with causal variables subject to managerial or policy influence. Derived from a series of lectures held on techniques and applications of the three approaches to the construction of production frontiers and measure of efficiency, this work will be an essential reference to scholars of a variety of disciplines who are involved with quantitative methods or policy.
Book Synopsis Energy Use Efficiency by : Almas Heshmati
Download or read book Energy Use Efficiency written by Almas Heshmati and published by MDPI. This book was released on 2021-04-14 with total page 284 pages. Available in PDF, EPUB and Kindle. Book excerpt: Energy is one of the most important factors of production. Its efficient use is crucial for ensuring production and environmental quality. Unlike normal goods with supply management, energy is demand managed. Efficient energy use—or energy efficiency—aims to reduce the amount of energy required to provide products and services. Energy use efficiency can be achieved in situations such as housing, offices, industrial production, transport and agriculture as well as in public lighting and services. The use of energy can be reduced by using technology that is energy saving. This Special Issue is a collection of research on energy use efficiency.
Download or read book Production Frontiers written by Rolf Fare and published by Cambridge University Press. This book was released on 1994 with total page 326 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book presents a mathematical programming approach to the analysis of production frontiers and efficiency measurement. The authors construct a variety of production frontiers, and by measuring distances to them are able to develop a model of efficient producer behaviour and a taxonomy of possible types of departure from efficiency in various environments. Linear programming is used as an analytical and computational technique in order to accomplish this. The approach developed is then applied to modelling producer behaviour. By focusing on the empirical relevance of production frontiers and distances to them, and applying linear programming techniques to artificial data to illustrate the type of information they can generate, this book provides a unique study in applied production analysis. It will be of interest to scholars and students of economics and operations research, and analysts in business and government.
Book Synopsis Promoting Productive Cooperation Between Space Lawyers and Engineers by : Nakarada Pecujlic, Anja
Download or read book Promoting Productive Cooperation Between Space Lawyers and Engineers written by Nakarada Pecujlic, Anja and published by IGI Global. This book was released on 2019-03-29 with total page 339 pages. Available in PDF, EPUB and Kindle. Book excerpt: A major non-technical challenge of space activities is ensuring productive cooperation, communication, and understanding between the engineers who design the mission and the space lawyers who cover its relevant legal aspects. Though both groups usually attain some level of understanding, it is only achieved after many years of experience in the space industry and through repeated contact with topics relevant to their projects. A basic understanding of the most important legal and technical aspects acquired earlier in their careers can facilitate better cooperation and more efficient development of space projects. Promoting Productive Cooperation Between Space Lawyers and Engineers is a pivotal reference source that provides vital insights into basic legal and technical topics and challenges that occur while planning and conducting typical space activities. The book uses high-profile space missions as examples and highlights the major technical aspects of these missions and the legal issues applied to these missions. While highlighting topics such as planetary settlements, policy perspectives, and suborbital spaceflight, this publication is ideally designed for lawyers, engineers, academicians, students, and professionals.
Book Synopsis Productivity and Efficiency Analysis by : Christopher J. O'Donnell
Download or read book Productivity and Efficiency Analysis written by Christopher J. O'Donnell and published by Springer. This book was released on 2018-12-12 with total page 418 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides a coherent description of the main concepts and statistical methods used to analyse economic performance. The focus is on measures of performance that are of practical relevance to policy makers. Most, if not all, of these measures can be viewed as measures of productivity and/or efficiency. Linking fields as diverse as index number theory, data envelopment analysis and stochastic frontier analysis, the book explains how to compute measures of input and output quantity change that are consistent with measurement theory. It then discusses ways in which meaningful measures of productivity change can be decomposed into measures of technical progress, environmental change, and different types of efficiency change. The book is aimed at graduate students, researchers, statisticians, accountants and economists working in universities, regulatory authorities, government departments and private firms. The book contains many numerical examples. Computer codes and datasets are available on a companion website.
