Subal C. Kumbhakar, C. A. Knox Lovell, "Stochastic Frontier Analysis"

Review
"Every so often a book is written that pulls together a large subject matter in an accessible way, covering both theoretical and applied developments. This is such a book." Journal of Economic Literature

Book Description
This book develops econometric techniques for the estimation of production, cost and profit frontiers, and for the estimation of the technical and economic efficiency with which producers approach these frontiers. Since these frontiers envelop rather than intersect the data, and since the authors continue to maintain the traditional econometric belief in the presence of external forces contributing to random statistical noise, the work is titled Stochastic Frontier Analysis


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