This paper is intended to introduce a variety of stochastic frontier econometric models to applied economists working in the field of sports economics. First, it discusses the characteristics and assumptions of individual stochastic frontier models that should be used in empirical studies. For example, it distinguishes “preferred” from “not-preferred” models based on the size of the panel data sample or the research purposes. Second, it discusses the characteristics of the sports industry and differentiates it from manufacturing industry, which is necessary when using stochastic frontier...Read more
