Technological inefficiency and the skewness of the error component in stochastic frontier analysis

This paper concentrates on negatively skewed one-sided distributions as an explanation of the occurrence of positive (negative) skewness in the case of stochastic production (cost) frontier analysis. It takes as an example the binomial distribution that can have negative or positive skew and derives...

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Bibliographic Details
Published in:Economics letters 2002-09, Vol.77 (1), p.101-107
Main Author: Carree, Martin A.
Format: Article
Language:English
Subjects:
Binomial distribution
Cost frontier
Data analysis
Distribution
Economics
Error
Production frontier
Skewness
Stochastic processes
Technology
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Summary:This paper concentrates on negatively skewed one-sided distributions as an explanation of the occurrence of positive (negative) skewness in the case of stochastic production (cost) frontier analysis. It takes as an example the binomial distribution that can have negative or positive skew and derives the method-of-moments estimators.
ISSN:0165-1765
1873-7374
DOI:10.1016/S0165-1765(02)00119-2