In their seminal paper Bloom and Van Reenen (2007) showed that management practices correlate with firm performance. In many instances empirical researchers do not observe management practices. They usually resort to performance estimates as proxies for management practices. We ask whether two...

This article deals with specification and estimation of risk preferences, production risk, and technical inefficiency. It makes contribution in three separate areas of production economics. First, we model producers' attitude toward risk and derive risk preference functions (without assuming any...

Introduction – Ray, Subhash; Kumbhakar, Subal & Dua, Pami -- Chapter 1. Estimation of Technical Inefficiency in Production Frontier Models Using Cross-Sectional Data by Kumbhakar, Subal C. & Wang, Hung-Jen -- Chapter 2. Data Envelopment Analysis for Performance Evaluation: A Child’s Guide by...

A Practitioner's Guide to Stochastic Frontier Analysis Using Stata provides practitioners in academia and industry with a step-by-step guide on how to conduct efficiency analysis using the stochastic frontier approach. The authors explain in detail how to estimate production, cost, and profit...