Quasi-Bayesian inference for production frontiers

Author

Xiaobin LIU
Thomas Tao YANG
Yichong ZHANG, Singapore Management UniversityFollow

Publication Type

Working Paper

Version

publishedVersion

Publication Date

12-2020

Abstract

We propose a quasi-Bayesian method to conduct inference for the production frontier. This approach combines multiple first-stage extreme quantile estimates by the quasi-Bayesian method to produce the point estimate and confidence interval for the production frontier. We show the asymptotic properties of the proposed estimator and the validity of the inference procedure. The finite sample performance of our method is illustrated through simulations and an empirical application.

Keywords

Fixed-k asymptotics, extreme value theory

Discipline

Econometrics

Research Areas

Econometrics

Citation

LIU, Xiaobin; YANG, Thomas Tao; and ZHANG, Yichong. Quasi-Bayesian inference for production frontiers. (2020).
Available at: https://ink.library.smu.edu.sg/soe_research/2119

Creative Commons License

This work is licensed under a Creative Commons Attribution-NonCommercial-No Derivative Works 4.0 International License.