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Handling losses in translog profit models

[journal article]

Bos, Jaap W.B.; Koetter, Michael

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Abstract In this paper, we compare standard approaches used to handle losses in logarithmic profit models with a simple novel approach. We estimate translog stochastic profit frontiers, and discuss discriminatory power, rank stability and the precision of profit efficiency scores. Contrary to existing methods, our approach does not result in a loss of observations. Our new method enhances rank stability and discriminatory power, and improves the precision of profit efficiency scores.
Classification Economic Statistics, Econometrics, Business Informatics
Document language English
Publication Year 2009
Page/Pages p. 307-312
Journal Applied Economics, 43 (2009) 3
ISSN 1466-4283
Status Postprint; peer reviewed
Licence PEER Licence Agreement (applicable only to documents from PEER project)