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題名 Consistent Estimation of Technical and Allocative Efficiencies for a Semiparametric Stochastic Cost Frontier with Shadow Input Prices
作者 黃台心
Huang, Tai-Hsin ; Chen, Kuan-Chen ; Lin, Chien-Hsiu ; Chung, Ming-Tai
林建秀;黃台心
貢獻者 金融系
關鍵詞 Semiparametric cost frontier ; Monte Carlo simulations ; Shadow prices ;Technical efficiency ;Allocative efficiency
日期 2014-04
上傳時間 21-Nov-2013 14:55:28 (UTC+8)
摘要 Conventional parametric stochastic cost frontier models are likely to suffer from biased inferences due to misspecification and the ignorance of allocative efficiency (AE). To fill up the gap in the literature, this article proposes a semiparametric stochastic cost frontier with shadow input prices that combines a parametric portion with a nonparametric portion and that allows for the presence of both technical efficiency (TE) and AE. The introduction of AE and the nonparametric function into the cost function complicates substantially the estimation procedure. We develop a new estimation procedure that leads to consistent estimators and valid TE and AE measures, which are proved by conducting Monte Carlo simulations.
關聯 Journal of Productivity Analysis,41(2), 307-320
資料類型 article
DOI http://dx.doi.org/10.1007/s11123-012-0316-9
dc.contributor 金融系en_US
dc.creator (作者) 黃台心zh_TW
dc.creator (作者) Huang, Tai-Hsin ; Chen, Kuan-Chen ; Lin, Chien-Hsiu ; Chung, Ming-Taien_US
dc.creator (作者) 林建秀;黃台心-
dc.date (日期) 2014-04en_US
dc.date.accessioned 21-Nov-2013 14:55:28 (UTC+8)-
dc.date.available 21-Nov-2013 14:55:28 (UTC+8)-
dc.date.issued (上傳時間) 21-Nov-2013 14:55:28 (UTC+8)-
dc.identifier.uri (URI) http://nccur.lib.nccu.edu.tw/handle/140.119/61753-
dc.description.abstract (摘要) Conventional parametric stochastic cost frontier models are likely to suffer from biased inferences due to misspecification and the ignorance of allocative efficiency (AE). To fill up the gap in the literature, this article proposes a semiparametric stochastic cost frontier with shadow input prices that combines a parametric portion with a nonparametric portion and that allows for the presence of both technical efficiency (TE) and AE. The introduction of AE and the nonparametric function into the cost function complicates substantially the estimation procedure. We develop a new estimation procedure that leads to consistent estimators and valid TE and AE measures, which are proved by conducting Monte Carlo simulations.en_US
dc.format.extent 380306 bytes-
dc.format.mimetype application/pdf-
dc.language.iso en_US-
dc.relation (關聯) Journal of Productivity Analysis,41(2), 307-320en_US
dc.subject (關鍵詞) Semiparametric cost frontier ; Monte Carlo simulations ; Shadow prices ;Technical efficiency ;Allocative efficiencyen_US
dc.title (題名) Consistent Estimation of Technical and Allocative Efficiencies for a Semiparametric Stochastic Cost Frontier with Shadow Input Pricesen_US
dc.type (資料類型) articleen
dc.identifier.doi (DOI) 10.1007/s11123-012-0316-9en_US
dc.doi.uri (DOI) http://dx.doi.org/10.1007/s11123-012-0316-9en_US