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| Author: | Fernández, C. Koop, G. Steel, M. |
| Title: | A Bayesian analysis of multiple-output production frontiers |
| Journal: | Journal of Econometrics
2000 : SEP, VOL 98:1, p. 47-79 |
| Index terms: | Input-output analysis Economic analysis Productivity measurement Bayesian statistics Markov chains Monte Carlo technique |
| Language: | eng |
| Abstract: | The authors develop Bayesian tools for estimating multi-output production frontiers in applications where only input and output data are available. Firm-specific inefficiency is measured relative to such frontiers. Bayesian inference is implemented using a Markov chain Monte Carlo algorithm. |
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