What is it about?
A new method to estimate production or cost frontier with short-run, long-run inefficiencies, unobserved heterogeneity and random shocks.
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Why is it important?
It fills a gap in the literature on stochastic frontier by providing estimates of all possible sources of inefficiencies while taking into account time-invariant unobserved characteristics
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This page is a summary of: Closed-skew normality in stochastic frontiers with individual effects and long/short-run efficiency, Journal of Productivity Analysis, February 2014, Springer Science + Business Media,
DOI: 10.1007/s11123-014-0386-y.
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