New insights into the stochastic ray production frontier

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New insights into the stochastic ray production frontier. / Henningsen, Arne; Belin, Matej; Henningsen, Geraldine.

I: Economics Letters, Bind 156, 2017, s. 18-21.

Publikation: Bidrag til tidsskrift › Tidsskriftartikel › Forskning › fagfællebedømt

Harvard

Henningsen, A, Belin, M & Henningsen, G 2017, 'New insights into the stochastic ray production frontier', Economics Letters, bind 156, s. 18-21. https://doi.org/10.1016/j.econlet.2017.04.006

APA

Henningsen, A., Belin, M., & Henningsen, G. (2017). New insights into the stochastic ray production frontier. Economics Letters, 156, 18-21. https://doi.org/10.1016/j.econlet.2017.04.006

Vancouver

Henningsen A, Belin M, Henningsen G. New insights into the stochastic ray production frontier. Economics Letters. 2017;156:18-21. https://doi.org/10.1016/j.econlet.2017.04.006

Author

Henningsen, Arne ; Belin, Matej ; Henningsen, Geraldine. / New insights into the stochastic ray production frontier. I: Economics Letters. 2017 ; Bind 156. s. 18-21.

Bibtex

@article{0515e2e04e1742438e11b15da81f0e17,
title = "New insights into the stochastic ray production frontier",
abstract = "The stochastic ray production frontier was developed as an alternative to the traditional output distance function to model production processes with multiple inputs and multiple outputs. Its main advantage over the traditional approach is that it can be used when some output quantities of some observations are zero. In this paper, we briefly discuss – and partly refute – a few existing criticisms of the stochastic ray production frontier. Furthermore, we discuss some shortcomings of the stochastic ray production frontier that have not yet been addressed in the literature and that we consider more important than the existing criticisms: taking logarithms of the polar coordinate angles, non-invariance to units of measurement, and ordering of the outputs. We also give some practical advice on how to address the newly raised issues.",
keywords = "Stochastic ray production frontier, Distance function, Multiple outputs, Primal approach, Zero output quantities",
author = "Arne Henningsen and Matej Belin and Geraldine Henningsen",
year = "2017",
doi = "10.1016/j.econlet.2017.04.006",
language = "English",
volume = "156",
pages = "18--21",
journal = "Economics Letters",
issn = "0165-1765",
publisher = "Elsevier",

}

RIS

TY - JOUR

T1 - New insights into the stochastic ray production frontier

AU - Henningsen, Arne

AU - Belin, Matej

AU - Henningsen, Geraldine

PY - 2017

Y1 - 2017

N2 - The stochastic ray production frontier was developed as an alternative to the traditional output distance function to model production processes with multiple inputs and multiple outputs. Its main advantage over the traditional approach is that it can be used when some output quantities of some observations are zero. In this paper, we briefly discuss – and partly refute – a few existing criticisms of the stochastic ray production frontier. Furthermore, we discuss some shortcomings of the stochastic ray production frontier that have not yet been addressed in the literature and that we consider more important than the existing criticisms: taking logarithms of the polar coordinate angles, non-invariance to units of measurement, and ordering of the outputs. We also give some practical advice on how to address the newly raised issues.

AB - The stochastic ray production frontier was developed as an alternative to the traditional output distance function to model production processes with multiple inputs and multiple outputs. Its main advantage over the traditional approach is that it can be used when some output quantities of some observations are zero. In this paper, we briefly discuss – and partly refute – a few existing criticisms of the stochastic ray production frontier. Furthermore, we discuss some shortcomings of the stochastic ray production frontier that have not yet been addressed in the literature and that we consider more important than the existing criticisms: taking logarithms of the polar coordinate angles, non-invariance to units of measurement, and ordering of the outputs. We also give some practical advice on how to address the newly raised issues.

KW - Stochastic ray production frontier

KW - Distance function

KW - Multiple outputs

KW - Primal approach

KW - Zero output quantities

U2 - 10.1016/j.econlet.2017.04.006

DO - 10.1016/j.econlet.2017.04.006

M3 - Journal article

VL - 156

SP - 18

EP - 21

JO - Economics Letters

JF - Economics Letters

SN - 0165-1765

ER -

ID: 184839591