Stochastic Frontier Analysis

Stochastic Frontier Analysis

by C. A. Knox Lovell, Subal C. Kumbhakar

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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. Because these frontiers envelop rather than intersect the data, and because 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."--BOOK JACKET.

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