A gamma-moment approach to monotonic boundary estimation

Daouia, Abdelaati, Girard, Stéphane and Guillou, Armelle (2014) A gamma-moment approach to monotonic boundary estimation. Journal of Econometrics, 178 (2). pp. 727-740.

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Official URL: http://tse-fr.eu/pub/27753

Abstract

The estimation of optimal support boundaries under the monotonicity constraint is relatively unexplored and still in full development. This article examines a new extreme-value based model which provides a valid alternative for complete envelopment frontier models that often suffer from lack of precision, and for purely stochastic ones that are known to be sensitive to model misspecification. We provide different motivating applications including the estimation of the minimal cost in production activity and the assessment of the reliability of nuclear reactors.

Item Type: Article
Language: English
Date: February 2014
Refereed: Yes
Uncontrolled Keywords: Cost function, Edge data, Extreme-value index, Free disposal hull, Moment frontier
JEL codes: C13 - Estimation
C14 - Semiparametric and Nonparametric Methods
D20 - General
Subjects: B- ECONOMIE ET FINANCE
Divisions: Toulouse School of Economics - TSE
Site: UT1
Date Deposited: 09 Jul 2014 17:40
Last Modified: 18 Oct 2017 15:12
OAI ID: oai:tse-fr.eu:27753
URI: http://publications.ut-capitole.fr/id/eprint/15778

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