A1 Vertaisarvioitu alkuperäisartikkeli tieteellisessä lehdessä
Nonparametric estimation of allocative efficiency using indirect production theory : Application to container ports in Norway
Tekijät: Rødseth Kenneth Løvold, Holmen Rasmus Bøgh, Kuosmanen Timo, Schøyen Halvor
Kustantaja: Springer
Julkaisuvuosi: 2024
Journal: Journal of Productivity Analysis
Tietokannassa oleva lehden nimi: Journal of Productivity Analysis
Vuosikerta: 62
Numero: 3
Aloitussivu: 365
Lopetussivu: 377
ISSN: 0895-562X
eISSN: 1573-0441
DOI: https://doi.org/10.1007/s11123-024-00719-1
Verkko-osoite: https://link.springer.com/article/10.1007/s11123-024-00719-1
Rinnakkaistallenteen osoite: https://research.utu.fi/converis/portal/detail/Publication/386831321
Adaption to prices is an important feature of productivity development. This paper proposes an extension of the StoNED model to accommodate estimation of allocative efficiency. It demonstrates how indirect production theory is suited for assessing allocative efficiency and helps alleviating the curse of dimensionality for stochastic nonparametric estimators compared to conventional measures of allocative efficiency. Furthermore, the paper elaborates on the appropriate cost of capital for the estimation of allocative efficiency. The proposed model framework is utilized to study allocative efficiency of Norwegian container ports, thereby adding to the literature on seaport terminal efficiency studies. © 2024, The Author(s).
Ladattava julkaisu This is an electronic reprint of the original article. |  |
