TY - JOUR AB - A firm is technically efficient when it produces the maximum level of output for a given level of input on the assumption that technology is fixed. Although the above definition of technical efficiency has been around for decades, economists have, for the most part, been estimating average production functions (i.e. production functions that assume that all firms are technically efficient except for random noise), and then proceeding to make inferences regarding the potential of firms from this average production function. VL - 9 IS - 1 SN - 1086-7376 DO - 10.1108/eb028652 UR - https://doi.org/10.1108/eb028652 AU - RAWLINS GLENVILLE PY - 1985 Y1 - 1985/01/01 TI - THE STOCHASTIC FRONTIER MODEL OF TECHNICAL EFFICIENCY: AN APPLICATION T2 - Studies in Economics and Finance PB - MCB UP Ltd SP - 29 EP - 55 Y2 - 2024/03/29 ER -