Subal C. Kumbhakar's Books

Stochastic Frontier Analysis

By: Subal C. Kumbhakar,C. A. Knox Lovell

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Stochastic Frontier Analysis

By: Subal C. Kumbhakar,C. A. Knox Lovell

Modern textbook presentations of production economics typically treat producers as successful optimizers. Conventional econometric practice has generally followed this paradigm, and least squares based regression techniques have been used to estimate production, cost, profit and other functions. In such a framework deviations from maximum output, from minimum cost and cost minimizing input demands, and from maximum profit and profit maximizing output supplies and input demands, are attributed exclusively to random statistical noise. However casual empiricism and the business press both make persuasive cases for the argument that, although producers may indeed attempt to optimize, they do not always succeed. 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.

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Page Count

348

Publisher

Cambridge University Press

Published Date

ISBN 10

1107717302

ISBN 13

9781107717305

A Practitioner's Guide to Stochastic Frontier Analysis Using Stata

By: Subal C. Kumbhakar,Hung-Jen Wang,Alan P. Horncastle

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A Practitioner's Guide to Stochastic Frontier Analysis Using Stata

By: Subal C. Kumbhakar,Hung-Jen Wang,Alan P. Horncastle

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 efficiency and introduce the basic theory of each model in an accessible way, using empirical examples that demonstrate the interpretation and application of models. This book also provides computer code, allowing users to apply the models in their own work, and incorporates the most recent stochastic frontier models developed in academic literature. Such recent developments include models of heteroscedasticity and exogenous determinants of inefficiency, scaling models, panel models with time-varying inefficiency, growth models, and panel models that separate firm effects and persistent and transient inefficiency. Immensely helpful to applied researchers, this book bridges the chasm between theory and practice, expanding the range of applications in which production frontier analysis may be implemented.

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Page Count

375

Publisher

Cambridge University Press

Published Date

ISBN 10

1316194493

ISBN 13

9781316194492

A Practitioner's Guide to Stochastic Frontier Analysis Using Stata

By: Subal C. Kumbhakar,Hung-jen Wang (ǂd),Alan P. Horncastle

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A Practitioner's Guide to Stochastic Frontier Analysis Using Stata

By: Subal C. Kumbhakar,Hung-jen Wang (ǂd),Alan P. Horncastle

This book provides practitioners with a step-by-step guide on how to conduct efficiency analysis using the stochastic frontier approach.

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Page Count

375

Publisher

Cambridge University Press

Published Date

ISBN 10

1107029511

ISBN 13

9781107029514

Book's by Subal C. Kumbhakar

Stochastic Frontier Analysis

Stochastic Frontier Analysis

A Practitioner's Guide to Stochastic Frontier Analysis Using Stata

A Practitioner's Guide to Stochastic Frontier Analysis Using Stata

A Practitioner's Guide to Stochastic Frontier Analysis Using Stata

A Practitioner's Guide to Stochastic Frontier Analysis Using Stata

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