Abstract: In this paper, we investigate the problem of nonparametric monotone frontier estimation from the perspective of extreme value theory. This enables us to revisit the asymptotic theory of the popular free disposal hull estimator in a more general setting, to derive new and asymptotically Gaussian estimators and to provide useful asymptotic confidence bands for the monotone boundary function. The finite-sample behavior of the suggested estimators is explored via Monte Carlo experiments. We also apply our approach to a real data set based on the production activity of the French postal services.
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Cited in
(28)- Robustness and inference in nonparametric partial frontier modeling
- Quasi-Bayesian Inference for Production Frontiers
- Asymptotic properties of nonparametric frontier estimators
- Probabilistic characterization of directional distances and their robust versions
- Identification of mixture models using support variations
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- Robust estimation in stochastic frontier models
- Frontier estimation with kernel regression on high order moments
- On Estimation of Monotone and Concave Frontier Functions
- Regularization of nonparametric frontier estimators
- Extreme M-quantiles as risk measures: from \(L^{1}\) to \(L^{p}\) optimization
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