This paper derives an analytic closed-form formula for the cumulative distribution function (cdf) of the composite error of the stochastic frontier analysis (SFA) model. Since the presence of a cdf is frequently encountered in the likelihood-based analysis with limited-dependent and qualitative...

This paper investigates the degree of market competition in the banking industries of 17 Central and Eastern European (CEE) countries over the period 1994–2008, using the H statistic proposed by Panzar and Rosse (J Ind Econ 35:443–456, <CitationRef CitationID="CR41">1987</CitationRef>). Differing from previous works, this paper applies...</citationref>