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Estimating Technical Efficiency In Micro Panels, Qu Feng, William C. Horrace
Estimating Technical Efficiency In Micro Panels, Qu Feng, William C. Horrace
Economics - All Scholarship
Bootstrap confidence intervals on fixed-effects efficiency estimates in micro panels exhibit low coverage probabilities. We propose an alternative efficiency measure involving the mean of the firm effects. With the same estimated efficiency ranks as the traditional measure, its corresponding bootstrap confidence intervals have better coverage probabilities.