The ``wrong skewness problem: moment constrained maximum likelihood estimation of the stochastic frontier model

DOI10.1016/j.econlet.2022.110901zbMath1506.91078OpenAlexW4308491102MaRDI QIDQ2681803

Shirong Zhao, Christopher F. Parmeter

Publication date: 30 January 2023

Published in: Economics Letters (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/j.econlet.2022.110901

zbMATH Keywords

maximum likelihood estimationefficiencyhalf-normal distributionmoments constraints

Mathematics Subject Classification ID

Stochastic models in economics (91B70) Production theory, theory of the firm (91B38)

Cites Work

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• Estimating a stochastic production frontier when the adjusted error is symmetric
• A Monte Carlo study of estimators of stochastic frontier production functions
• A stationary point for the stochastic frontier likelihood
• Formulation and estimation of stochastic frontier production function models
• Technological inefficiency and the skewness of the error component in stochastic frontier analysis
• Inferences from Cross-Sectional, Stochastic Frontier Models
• Efficiency Estimation from Cobb-Douglas Production Functions with Composed Error
• A Laplace stochastic frontier model
• The “wrong skewness” problem in stochastic frontier models: A new approach

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