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Comparison of Bayesian models for production efficiency

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  • Ricardo S. Ehlers
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    Abstract

    In this paper, we use Markov Chain Monte Carlo (MCMC) methods in order to estimate and compare stochastic production frontier models from a Bayesian perspective. We consider a number of competing models in terms of different production functions and the distribution of the asymmetric error term. All MCMC simulations are done using the package JAGS (Just Another Gibbs Sampler), a clone of the classic BUGS package which works closely with the R package where all the statistical computations and graphics are done.

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    File URL: http://hdl.handle.net/10.1080/02664763.2011.559203
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    Bibliographic Info

    Article provided by Taylor & Francis Journals in its journal Journal of Applied Statistics.

    Volume (Year): 38 (2011)
    Issue (Month): 11 (January)
    Pages: 2433-2443

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    Handle: RePEc:taf:japsta:v:38:y:2011:i:11:p:2433-2443

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