Deterministic vs. Stochastic Methods for Frontier Estimation: Update and Illustration
We estimate and compare a deterministic production frontier to a production frontier estimated using stochastic methods. This comparison is illustrated by estimating the Lerner index of monopoly power for a public sector producer. The Lerner index estimates the percentage markup of price over margin...
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| Main Authors: | , , , |
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| Format: | Article |
| Language: | English |
| Published: |
Wrocław University of Science and Technology
2025-01-01
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| Series: | Operations Research and Decisions |
| Online Access: | https://ord.pwr.edu.pl/assets/papers_archive/ord2025vol35no2_5.pdf |
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