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Seemingly unrelated regressions (SUR) is an important estimation methodology in demand analysis. While possessing qualities that make it attractive to applied demand analysts, the SUR estimation technique poses several difficulties, including the lack of parameter invariance in some instances...
Persistent link: https://www.econbiz.de/10005468234
We introduce a simple method for detecting outliers in Data Envelopment Analysis. The method is based on two scalar measures. The first is the relative frequency with which an observation appears in the construction of the frontier when testing the efficiency of other observations, and the...
Persistent link: https://www.econbiz.de/10008582798
Standard microeconomic theory has long recognized firm-level substitution and output effects in explaining aggregate responses to taxation of an input such as nitrogen fertilizer. However, in the presence of managerial heterogeneity, a nitrogen tax will also affect the composition of the...
Persistent link: https://www.econbiz.de/10009207607