Fixed Effects and Stochastic Frontier Estimates of Firm-Level Technical Efficiency

Parameter estimates from OLS, fixed effects and stochastic production frontier models are compared using panel data for a sample of Vermont dairy farms. The results confirm that OLS production function models without firm effects lead to biased estimates. The estimates from the production frontier model area also deemed to be biased.


Issue Date:
Aug 05 1990
Publication Type:
Conference Paper/ Presentation
Record Identifier:
http://ageconsearch.umn.edu/record/270867
Language:
English
Total Pages:
15




 Record created 2018-04-06, last modified 2018-04-06

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