Showing 1 - 8 of 8
Persistent link: https://www.econbiz.de/10012189314
Persistent link: https://www.econbiz.de/10012273428
In this paper we derive both primal and dual-cost systems in which the stochastic specifications arise from the model (random environment or measurement errors and optimization errors)—not tacked on at the end after the deterministic system is worked out. Derivation of the error structures is...
Persistent link: https://www.econbiz.de/10011006386
Persistent link: https://www.econbiz.de/10011006391
Rosen's (1974) theory of hedonic prices is implemented econometrically using recently developed nonparametric techniques to examine the influence of qualitative factors on the price of a house. Our ability to smooth categorical variables leads to greater generalization in the valuation process...
Persistent link: https://www.econbiz.de/10005241858
Persistent link: https://www.econbiz.de/10010625511
Persistent link: https://www.econbiz.de/10010826769
SUMMARY This paper considers a panel data stochastic frontier model that disentangles unobserved firm effects (firm heterogeneity) from persistent (time‐invariant/long‐term) and transient (time‐varying/short‐term) technical inefficiency. The model gives us a four‐way error component...
Persistent link: https://www.econbiz.de/10011198393