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Article
On Ranking and Selection from Independent Truncated Normal Distributions
Economics - All Scholarship
  • William C Horrace, Syracuse University
Document Type
Article
Date
7-2-2004
Keywords
  • Ranking and selection,
  • Truncated normal,
  • Stochastic frontier
Disciplines
Description/Abstract

This paper develops probability statements and ranking and selection rules for independent truncated normal populations. An application to a broad class of parametric stochastic frontier models is considered, where interest centers on making probability statements concerning unobserved firm-level technical inefficiency. In particular, probabilistic decision rules allow subsets of firms to be deemed relatively efficient or inefficient at prespecified probabilities. An empirical example is provided.

Source
local input
Creative Commons License
Creative Commons Attribution 3.0
Citation Information
William C Horrace. "On Ranking and Selection from Independent Truncated Normal Distributions" (2004)
Available at: http://works.bepress.com/horrace/24/