Document Type

Article

Date

8-21-2012

Embargo Period

9-26-2012

Keywords

max operator, stochastic frontier model, bootstrap, micro panel data

Disciplines

Economics

Description/Abstract

Bootstrap confidence intervals on fixed-effects efficiency estimates in micro panels exhibit low coverage probabilities. We propose an alternative efficiency measure involving the mean of the firm effects. With the same estimated efficiency ranks as the traditional measure, its corresponding bootstrap confidence intervals have better coverage probabilities.

Source

local input

Creative Commons License

Creative Commons License
This work is licensed under a Creative Commons Attribution 3.0 License.

Included in

Economics Commons

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