A stationary point for the stochastic frontier likelihood
Journal of EconometricsPublished 1 February 1982
Donald M. Waldman
Citations182
SJR quartileQ1
SJR score12.17
SNIP4.85
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Abstract
The likelihood function for the stochastic frontier model is shown to possess an unusual stationary point which may or may not be a maximum. A condition is given to determine if the point is a maximum, and the result is interpreted in the context of specification and estimation.
Keywords
Agricultural and Biological SciencesDecision SciencesMathematics
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