@article{Fraser:125084,
      recid = {125084},
      author = {Fraser, Iain and Horrace, William C.},
      title = {Technical Efficiency of Australian Wool Production: Point  and Confidence Interval Estimates},
      address = {2002-02},
      number = {413-2016-25985},
      pages = {28},
      year = {2002},
      abstract = {A balanced panel of data is used to estimate technical  efficiency, employing a fixed-effects stochastic frontier  specification for wool producers in Australia. Both point  estimates and confidence intervals for technical efficiency  are reported. The confidence intervals are constructed  using the Multiple Comparisons with the Best (MCB)  procedure of Horrace and Schmidt (2000). The confidence  intervals make explicit the precision of the technical  efficiency estimates and underscore the dangers of drawing  inferences based solely on point estimates. Additionally,  they allow identification of wool producers that are  statistically efficient and those that are statistically  inefficient. The data reveal at the 95% level that twenty  of the twenty-five wool farms analysed may be efficient.},
      url = {http://ageconsearch.umn.edu/record/125084},
      doi = {https://doi.org/10.22004/ag.econ.125084},
}