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Handling losses in translog profit models
[journal article]
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. Con... view more
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.... view less
Classification
Economic Statistics, Econometrics, Business Informatics
Document language
English
Publication Year
2009
Page/Pages
p. 307-312
Journal
Applied Economics, 43 (2009) 3
DOI
https://doi.org/10.1080/00036840802570413
ISSN
1466-4283
Status
Postprint; peer reviewed
Licence
PEER Licence Agreement (applicable only to documents from PEER project)