IDEAS home Printed from https://ideas.repec.org/a/kap/jproda/v62y2024i3d10.1007_s11123-024-00719-1.html
   My bibliography  Save this article

Nonparametric estimation of allocative efficiency using indirect production theory: Application to container ports in Norway

Author

Listed:
  • Kenneth Løvold Rødseth

    (Institute of Transport Economics – Norwegian Centre for Transport Research)

  • Rasmus Bøgh Holmen

    (Institute of Transport Economics – Norwegian Centre for Transport Research)

  • Timo Kuosmanen

    (University of Turku)

  • Halvor Schøyen

    (University of South-Eastern Norway
    Kristiania University College)

Abstract

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.

Suggested Citation

  • Kenneth Løvold Rødseth & Rasmus Bøgh Holmen & Timo Kuosmanen & Halvor Schøyen, 2024. "Nonparametric estimation of allocative efficiency using indirect production theory: Application to container ports in Norway," Journal of Productivity Analysis, Springer, vol. 62(3), pages 365-377, December.
    • Handle: RePEc:kap:jproda:v:62:y:2024:i:3:d:10.1007_s11123-024-00719-1
    DOI: 10.1007/s11123-024-00719-1
    as

    Download full text from publisher

    File URL: http://link.springer.com/10.1007/s11123-024-00719-1
    File Function: Abstract
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1007/s11123-024-00719-1?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:kap:jproda:v:62:y:2024:i:3:d:10.1007_s11123-024-00719-1. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.