New insights into the stochastic ray production frontier

Kód výsledku v IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216208%3A11640%2F17%3A00478015" target="_blank" >RIV/00216208:11640/17:00478015 - isvavai.cz</a>

Výsledek na webu

<a href="http://dx.doi.org/10.1016/j.econlet.2017.04.006" target="_blank" >http://dx.doi.org/10.1016/j.econlet.2017.04.006</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.1016/j.econlet.2017.04.006" target="_blank" >10.1016/j.econlet.2017.04.006</a>

Jazyk výsledku

angličtina

Název v původním jazyce

New insights into the stochastic ray production frontier

Popis výsledku v původním jazyce

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.

Název v anglickém jazyce

New insights into the stochastic ray production frontier

Popis výsledku anglicky

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.

Druh

J_imp - Článek v periodiku v databázi Web of Science

CEP obor

—

OECD FORD obor

50201 - Economic Theory

Projekt

—

Návaznosti

S - Specificky vyzkum na vysokych skolach<br>I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Rok uplatnění

2017

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název periodika

Economics Letters

ISSN

0165-1765

e-ISSN

—

Svazek periodika

156

Číslo periodika v rámci svazku

July

Stát vydavatele periodika

NL - Nizozemsko

Počet stran výsledku

4

Strana od-do

18-21

Kód UT WoS článku

000404312600005

EID výsledku v databázi Scopus

2-s2.0-85017498460