Stochastic Frontier Analysis
Stochastic Frontier Analysis
Subal C. Kumbhakar, State University of New York, Binghamton
C. A. Knox Lovell, University of Georgia
C. A. Knox Lovell, University of Georgia
March 2003
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This book develops econometric techniques for the estimation of production, cost and profit frontiers, and for the estimation of the technical and economic efficiency with which producers approach these frontiers. Since these frontiers envelop rather than intersect the data, and since the authors continue to maintain the traditional econometric belief in the presence of external forces contributing to random statistical noise, the work is titled Stochastic Frontier Analysis. Hb ISBN (2000): 0-521-48184-8
- Hardback sold excellently in first 2 years
- Already has four good reviews in journals such as JEL and EJ
- Authors are leading exponents of production theory, analysis, measurement
Reviews & endorsements
"Every so often a book is written that pulls together a large subject matter in an accessible way, covering both theoretical and applied developments. This is such a book." Journal of Economic Literature
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Table of Contents
- 1. Introduction
- 2. Analytical foundations
- 3. The estimation of technical efficiency
- 4. The estimation and decomposition of cost efficiency
- 5. The estimation and decomposition of profit efficiency
- 6. The shadow price approach to the estimation and decomposition of economic efficiency
- 7. Incorporating exogenous influences on efficiency
- 8. The estimation of efficiency change and productivity change.
