caa a22 4500 467896232 CHVBK 20180406152805.0 cr unu---uuuuu 170328e20061101xx s 000 0 eng 10.1007/s00181-006-0068-3 doi (NATIONALLICENCE)springer-10.1007/s00181-006-0068-3 Sauer Johannes Food and Resource Economics Institute, Royal Veterinary and Agricultural University, Copenhagen, Denmark aut Economic Theory and Econometric Practice: Parametric Efficiency Analysis [Elektronische Daten] [Johannes Sauer] Parametric efficiency analysis is one of the most investigated areas in applied production economics. Nevertheless, the vast majority of empirical studies are not accompanied by a thorough theoretical interpretation of the underlying functional form and the obtained estimates. The robustness of policy suggestions based on inferences from efficiency measures nevertheless crucially depends on theoretically well-founded estimates. This research contribution adresses parametric efficiency measurement by critically reviewing the theoretical consistency of recently published technical efficiency estimates. The theoretical concerns are verified by empirical applications confirming the need for a posteriori checking the regularity of the estimated frontier by the researcher and, if necessary, the a priori imposition of the theoretical requirements. Bootstrapping based stochastic simulations of a simple parametric efficiency model by using different flexible functional forms confirmed the severeness of the theoretical concerns especially with respect to the merely locally restrictable translog specification. Springer-Verlag, 2006 Flexible functional forms nationallicence Parametric efficiency measurement nationallicence Regularity nationallicence Empirical Economics Springer-Verlag 31/4(2006-11-01), 1061-1087 0377-7332 31:4<1061 2006 31 181 https://doi.org/10.1007/s00181-006-0068-3 text/html Onlinezugriff via DOI 1 research-article jats NATIONALLICENCE 856 40 https://doi.org/10.1007/s00181-006-0068-3 text/html Onlinezugriff via DOI NATIONALLICENCE 100 1- Sauer Johannes Food and Resource Economics Institute, Royal Veterinary and Agricultural University, Copenhagen, Denmark aut NATIONALLICENCE 773 0- Empirical Economics Springer-Verlag 31/4(2006-11-01), 1061-1087 0377-7332 31:4<1061 2006 31 181 Metadata rights reserved Springer special CC-BY-NC licence nationallicence BK010053 XK010053 XK010000 NATIONALLICENCE NATIONALLICENCE NL-springer