Bayesian estimation of stochastic metafrontiers

Ioannis Skevas

Economics Letters, 2025, vol. 252, issue C

Abstract: This paper presents a Bayesian method for estimating a hierarchical panel data stochastic frontier model for metafrontier analysis. It uses Bayesian simulation-based inference and user-friendly software, requiring minimal coding. Applications to simulated and real data confirm the model’s reliability.

Keywords: Bayesian approach; Hierarchical panel data; Stochastic frontier model; Metafrontier (search for similar items in EconPapers)
JEL-codes: C11 C23 (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:252:y:2025:i:c:s0165176525002058

DOI: 10.1016/j.econlet.2025.112368

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