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Over the last 20 years, China's demand for and supply of livestock products has increased dramatically. Although, China's livestock production has changed, with the share of pork production declining, pork production remains the core of the country's livestock industry. China's hog industry is...
Persistent link: https://www.econbiz.de/10005220758
The stochastic frontier model used for continuous dependent variables is extended to accommodate output measured as a discrete ordinal outcome variable. Conditional on the inefficiency error, the assumptions of the ordered probit model are adopted for the log of output. Bayesian estimation...
Persistent link: https://www.econbiz.de/10008599216
The experiments of reforming the methane of coke-oven gas with steam were performed. The effects of the thermodynamic factors, such as the H2O/CH4 ratio, the conversion temperature (T) of methane and the reaction time (t), on the methane conversion rate have been investigated. The experimental...
Persistent link: https://www.econbiz.de/10010810522
This paper investigates the returns to scale of large banks in the US over the period 1997–2010. This investigation is performed by estimating a random coefficient stochastic distance frontier model in the spirit of Tsionas (2002) and Greene (2005, 2008). The primary advantage of this model is...
Persistent link: https://www.econbiz.de/10010730415
We consider Bayesian estimation of a stochastic production frontier with ordered categorical output, where the inefficiency error is assumed to follow an exponential distribution, and where output, conditional on the inefficiency error, is modelled as an ordered probit model. Gibbs sampling...
Persistent link: https://www.econbiz.de/10010865891
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