English, Article, Journal or magazine article edition: Accounting for unobservables in production models:management and inefficiency Antonio Álvarez; Carlos Arias; William Greene

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Bookmark: http://trove.nla.gov.au/version/160245
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • Accounting for unobservables in production models:management and inefficiency
Author
  • Antonio Álvarez
  • Carlos Arias
  • William Greene
Physical Description
  • preprint
Notes
  • This paper explores the role of unobserved managerial ability in production and its relationship with technical efficiency. Previous analyses of managerial ability have been based on strong assumptions about its role in production or on the use of proxies. We avoid these limitations by introducing managerial ability as an unobserved random variable in a translog production function. The resulting empirical model can be estimated as a stochastic production frontier with random coefficients.
  • Managerial ability, technical efficiency, production frontier, random coefficients model, maximum simulated likelihood.
  • RePEc:cea:doctra:e2004_72
Language
  • English
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