Central Limit Theorems for Aggregate Efficiency

  title={Central Limit Theorems for Aggregate Efficiency},
  author={L{\'e}opold Simar and Valentin Zelenyuk},
  journal={Oper. Res.},
Applied researchers in the field of efficiency and productivity analysis often need to estimate and make inference about aggregate efficiency, such as industry efficiency or aggregate efficiency of a group of distinct firms within an industry (e.g., public versus private firms, regulated versus unregulated firms, etc.). While there are approaches to obtain point estimates for such important measures, no asymptotic theory has been derived for it. This is the gap in the literature we fill with… 

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