Arbeitspapier
New insights into the stochastic ray production frontier
The stochastic ray production frontier was developed as an alternative to the traditional output distance function to model production processes with multiple inputs and multiple outputs. Its main advantage over the traditional approach is that it can be used when some output quantities of some observations are zero. In this paper, we briefly discuss—and partly refute—a few existing criticisms of the stochastic ray production frontier. Furthermore, we discuss some shortcomings of the stochastic ray production frontier that have not yet been addressed in the literature and that we consider more important than the existing criticisms: taking logarithms of the polar coordinate angles, non-invariance to units of measurement, and ordering of the outputs. We also give some practical advice on how to address the newly raised issues.
- Sprache
-
Englisch
- Erschienen in
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Series: IFRO Working Paper ; No. 2017/01
- Klassifikation
-
Wirtschaft
Estimation: General
Model Construction and Estimation
Firm Behavior: Empirical Analysis
- Thema
-
Stochastic Ray Production Frontier
Distance Function
Multiple Outputs
Primal Approach
Zero Output Quantities
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Henningsen, Arne
Bělín, Matěj
Henningsen, Géraldine
- Ereignis
-
Veröffentlichung
- (wer)
-
University of Copenhagen, Department of Food and Resource Economics (IFRO)
- (wo)
-
Copenhagen
- (wann)
-
2017
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:44 MEZ
Datenpartner
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Henningsen, Arne
- Bělín, Matěj
- Henningsen, Géraldine
- University of Copenhagen, Department of Food and Resource Economics (IFRO)
Entstanden
- 2017
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