Handling losses in translog profit models

J. W. B. Bos and Michael Koetter

MPRA Paper from University Library of Munich, Germany

Abstract: In this paper, we compare standard approaches used to handle losses in logarithmic stochastic profit frontier models with a simple novel approach. We discuss discriminatory power, rank stability and precision of profit efficiency scores. Our new method enhances rank stability and discriminatory power, and improves the precision of profit efficiency scores.

Keywords: profit efficiency; stochastic frontier analysis; truncation and censoring (search for similar items in EconPapers)
JEL-codes: L23 C24 G21 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-eff
Date: 2006-09-26
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http://mpra.ub.uni-muenchen.de/1433/ original version (application/pdf)

Related works:
Journal Article: Handling losses in translog profit models (2011)
Working Paper: Handling losses in translog profit models (2007)
Working Paper: Handling Losses in Translog Profit Models (2007)
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Persistent link: http://EconPapers.repec.org/RePEc:pra:mprapa:1433

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