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A Γ-moment approach to monotonic boundary estimation

Abdelaati Daouia (), Stéphane Girard and Armelle Guillou

Journal of Econometrics, 2014, vol. 178, issue 2, 727-740

Abstract: The estimation of optimal support boundaries under the monotonicity constraint is relatively unexplored and still in full development. This article examines a new extreme-value based model which provides a valid alternative for complete envelopment frontier models that often suffer from lack of precision, and for purely stochastic ones that are known to be sensitive to model misspecification. We provide different motivating applications including the estimation of the minimal cost in production activity and the assessment of the reliability of nuclear reactors.

Keywords: Cost function; Edge data; Extreme-value index; Free disposal hull; Moment frontier (search for similar items in EconPapers)
JEL-codes: C13 C14 D20 (search for similar items in EconPapers)
Date: 2014
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Journal of Econometrics is currently edited by T. Amemiya, A. R. Gallant, J. F. Geweke, C. Hsiao and P. M. Robinson

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