Stochastic Frontier Models in Sports Economics

Young Hoon Lee

International Journal of Sport Finance, 2014, vol. 9, issue 4, 360-374

Abstract: This paper is intended to introduce a variety of stochastic frontier econometric models to applied economists working in the field of sports economics. First, it discusses the characteristics and assumptions of individual stochastic frontier models that should be used in empirical studies. For example, it distinguishes “preferred” from “not-preferred” models based on the size of the panel data sample or the research purposes. Second, it discusses the characteristics of the sports industry and differentiates it from manufacturing industry, which is necessary when using stochastic frontier models that have been developed for the study of general industries such as manufacturing. The third purpose of the paper is to introduce ready-made program codes for various stochastic frontier models. Information about the available FRONTIER4.1, STATA commands and GAUSS codes may help widen the domain from which empirical sports economists can select their regression models for use in efficiency studies.

Keywords: stochastic frontier models; technical efficiency; production function; panel data; sports industry (search for similar items in EconPapers)
JEL-codes: L83 (search for similar items in EconPapers)
Date: 2014
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.fitinfotech.com/IJSF/IJSFbackissueWVU.tpl (text/html)
Full-text download requires subscription from FIT.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:jsf:intjsf:v:9:y:2014:i:4:p:360-374

Ordering information: This journal article can be ordered from
http://www.fitinfote ... IJSFbackissueWVU.tpl

Access Statistics for this article

International Journal of Sport Finance is currently edited by Arne Feddersen, Babatunde Buraimo, Joachim Prinz and Jane Ruseski

More articles in International Journal of Sport Finance from Fitness Information Technology
Bibliographic data for series maintained by Victor Matheson ().