Economics, Econometrics and Finance
4 years ago

New research reveals breakthrough in estimating efficiency of firms.

RePEc: Research Papers in Economics
Asymptotic Distribution of the Maximum Likelihood Estimator for Stochastic Frontier Function Model with a Singular Information Matrix
Lung‐fei Lee

Paper Summary

The article explores how to estimate parameters in a model when all firms are efficient. The researchers found that the estimates can have different rates of accuracy. By changing the model, they made it easier to work with. The test results follow a common pattern.

Related papers

Theme background image
Mathematics
8 years ago

Large inspection size inefficient for low failure rate in exponential distribution.

Skew Distributions
Statistical Control
Missing Data
1 view
Theme background image
Mathematics
8 years ago

Maximum Likelihood Estimator Proven Optimal for Cauchy Distribution Location Parameter

Multicollinearity
Model-Based Clustering
Regularization Methods
Theme background image
Mathematics
8 years ago

New estimator more efficient in estimating mean of exponential distribution.

Skew Distributions
Missing Data
Model-Based Clustering
1 view