Latent class models offer an alternative perspective to the popular mixed logit form, replacing the continuous distribution with a discrete distribution in which preference heterogeneity is captured by membership of distinct classes of utility description. Within each class, preference...

This chapter is a survey of developments in stochastic frontier modelling. The literature on stochastic frontiers has grown substantially in the 42 years since the seminal work by Aigner et al. (J. Econom 6 (1): 21–37, 1977). There exist many surveys of this literature that cover a broad range...