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Articles 1 - 3 of 3
Full-Text Articles in Social and Behavioral Sciences
Regression And Inference Under Smoothness Restrictions, Christopher Parmeter, Kai Sun, Daniel Henderson, Subal Kumbhakar
Regression And Inference Under Smoothness Restrictions, Christopher Parmeter, Kai Sun, Daniel Henderson, Subal Kumbhakar
Christopher F. Parmeter
No abstract provided.
A Zero Inefficiency Stochastic Frontier Estimator, Subal C. Kumbhakar, Christopher Parmeter, Efthymios G. Tsionas
A Zero Inefficiency Stochastic Frontier Estimator, Subal C. Kumbhakar, Christopher Parmeter, Efthymios G. Tsionas
Christopher F. Parmeter
Traditional stochastic frontier models impose inefficient behavior on all firms in the sample of interest. If the data under investigation represent a mixture of both fully efficient and inefficient firms then off-the-shelf frontier models are statistically inadequate. We introduce a zero-inflated stochastic frontier model which can accommodate the presence of both efficient and inefficient firms in the sample. We derive the corresponding log-likelihood function, conditional mean of inefficiency to estimate observation-specific inefficiency and discuss testing for the presence of fully efficient firms. We provide both simulated evidence as well as an empirical example which demonstrates the applicability of the proposed …
The Effects Of Bargaining On Market Outcomes: Evidence From Buyer And Seller Specific Estimates, Subal Kumbhakar, Christopher Parmeter
The Effects Of Bargaining On Market Outcomes: Evidence From Buyer And Seller Specific Estimates, Subal Kumbhakar, Christopher Parmeter
Christopher F. Parmeter
In this paper we examine wage dispersion in labor markets across currently employed workers. We argue that differences in the potential productivity of a match (typically assumed to be known in the previous literature) generates a surplus between the minimum wage the worker is willing to accept and the maximum wage the firm is willing to offer for the job. Existence of this surplus leads to wage dispersion due to negotiating over the amounts extracted by each agent. Our objective is to estimate the surplus extracted by each firm-worker pair and the effect of the net extracted surplus on the …