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Keywords: oil and gas
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Journal Articles
Journal:
Data Envelopment Analysis Journal
Data Envelopment Analysis Journal (2021) 5 (2): 311–388.
Published: 17 August 2021
... marginal products. By using simulated data and the Canadian oil and gas industry data, we document that the BM model outperforms the BCC model in estimating the efficiency frontier when the production function exhibits increasing marginal product. The BM model also reduces biases in the second-stage...
