A microfoundation for stochastic frontier analysis

Koki Oikawa

doi:10.1016/j.econlet.2015.12.006

A microfoundation for stochastic frontier analysis

Koki Oikawa^*

^*Corresponding author for this work

School of Social Sciences

Research output: Contribution to journal › Article › peer-review

5 Citations (Scopus)

Abstract

This paper provides a microfoundation for distributions of technical inefficiency in parametric stochastic production frontier analysis. It shows that dial-setting technology à la Jovanovic and Nyarko (1996) implies a gamma distribution with a specific set of parameters that depends on a manager's experience or his/her prediction ability.

Original language	English
Pages (from-to)	15-17
Number of pages	3
Journal	Economics Letters
Volume	139
DOIs	https://doi.org/10.1016/j.econlet.2015.12.006
Publication status	Published - 2016 Feb 1

Keywords

Gamma distribution
Learning-by-doing
Stochastic frontier production function

ASJC Scopus subject areas

Economics and Econometrics
Finance

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10.1016/j.econlet.2015.12.006

Cite this

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title = "A microfoundation for stochastic frontier analysis",

abstract = "This paper provides a microfoundation for distributions of technical inefficiency in parametric stochastic production frontier analysis. It shows that dial-setting technology {\`a} la Jovanovic and Nyarko (1996) implies a gamma distribution with a specific set of parameters that depends on a manager's experience or his/her prediction ability.",

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N2 - This paper provides a microfoundation for distributions of technical inefficiency in parametric stochastic production frontier analysis. It shows that dial-setting technology à la Jovanovic and Nyarko (1996) implies a gamma distribution with a specific set of parameters that depends on a manager's experience or his/her prediction ability.

AB - This paper provides a microfoundation for distributions of technical inefficiency in parametric stochastic production frontier analysis. It shows that dial-setting technology à la Jovanovic and Nyarko (1996) implies a gamma distribution with a specific set of parameters that depends on a manager's experience or his/her prediction ability.

KW - Gamma distribution

KW - Learning-by-doing

KW - Stochastic frontier production function

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VL - 139

SP - 15

EP - 17

JO - Economics Letters

JF - Economics Letters

ER -

A microfoundation for stochastic frontier analysis

Abstract

Keywords

ASJC Scopus subject areas

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