Quasi-Bayesian Inference for Production Frontiers
Methodology
2020-12-01 v3
Abstract
We propose a quasi-Bayesian method to conduct inference for the production frontier. This approach combines multiple first-stage extreme quantile estimates by the quasi-Bayesian method to produce the point estimate and confidence interval for the production frontier. We show the asymptotic properties of the proposed estimator and the validity of the inference procedure. The finite sample performance of our method is illustrated through simulations and an empirical application.
Keywords
Cite
@article{arxiv.1709.08846,
title = {Quasi-Bayesian Inference for Production Frontiers},
author = {Xiaobin Liu and Thomas Tao Yang and Yichong Zhang},
journal= {arXiv preprint arXiv:1709.08846},
year = {2020}
}
Comments
This paper was previously circulated under the title "Simulation-based Estimation and Inference of Production Frontiers"