Paul W Wilson
Biographic Data
| ID | 4437942 |
|---|---|
| NAME | Paul W Wilson |
| GIVEN NAMES | Paul W |
| FAMILY NAME | Wilson |
| SIGNATURE | WILSON P W |
| AFFILIATIONS | The University of Texas at Austin |
| ORCID | 0000-0002-9865-033X |
| VERIFIED | Yes |
| TOTAL WORKS | 24 |
| TOTAL CITATIONS | 9 |
| AUTHOR COUNT | 24 |
| EDITOR COUNT | 0 |
| FIRST PUBLICATION YEAR | 1983 |
| LATEST PUBLICATION YEAR | 2023 |
| H-INDEX | 2 |
Nonparametric, Stochastic Frontier Models with Multiple Inputs and Outputs
Stochastic frontier models along the lines of Aigner et al. are widely used to benchmark firms’ performances in terms of efficiency. The models are typically fully parametric, with functional form specifications for the frontier as well as both the noise and the inefficiency processes. Studies such as Kumbhakar et al. have attempted to relax some of the restrictions in parametric models, but so far all such approaches are limited to a univariate …
Benchmarking the performance of US Municipalities
The Afrofuturist Village
The Afrofuturist Village was a solo exhibition of photographs and a short video by Masiyaleti Mbewe, a Zambian artist and writer based in Windhoek, Namibia (Fig. 1). It was part of FAVT: Future Africa Visions in Time, an ambitious program of exhibitions, performances, and workshops held at the Goethe Institute Namibia, between January 24 and March 27, 2018. The program explored various “modes of futuring,” or ways of experiencing and manipulating…
Testing Hypotheses in Nonparametric Models of Production
Data envelopment analysis (DEA) and free disposal hull (FDH) estimators are widely used to estimate efficiency of production. Practitioners use DEA estimators far more frequently than FDH estimators, implicitly assuming that production sets are convex. Moreover, use of the constant returns to scale (CRS) version of the DEA estimator requires an assumption of CRS. Although bootstrap methods have been developed for making inference about the effici…
Two-stage DEA
Are Credit Unions Too Small
U.S. credit unions serve 93 million members, hold 10% of U.S. savings deposits, and make 13.2% of all nonrevolving consumer loans. Since 1985, the share of U.S. depository institution assets held by credit unions has nearly doubled, and the average (inflation-adjusted) size of credit unions has increased over 600%. We use a local-linear estimator, dimesion-reduction techniques, and bootstrap methods to estimate and make inference about ray scale …
Robust Nonparametric Quantile Estimation of Efficiency and Productivity Change in U.S. Commercial Banking, 1985–2004
This article uses a new nonparametric, unconditional, hyperbolic order-αquantile estimator to construct a hyperbolic version of the Malmquist index. Unlike traditional nonparametric efficiency estimators, the new estimator is both robust to data outliers and has a root-n convergence rate. We use this estimator to examine changes in the efficiency and productivity of U.S. banks between 1985 and 2004. We find that larger banks experienced larger ef…
Estimation and inference in two-stage, semi-parametric models of production processes
The Emperor Has No Clothes
The Emperor has no Clothes Václav Havel (bio) During my first presidential visit to the United States more than fifteen years ago, I received an important gift here in Washington, on behalf of my country. It was the original manuscript of the Czechoslovakian Declaration of Independence from the year 1918. This rare and valuable document had, until 1990, been the property of the Library of Congress. It was hand-written in Czech by our first presid…
Modeling and Testing for Heterogeneity in Observed Strategic Behavior
Experimental data have consistently shown diversity in beliefs as well as in actions among experimental subjects. This paper presents and compares alternative behavioral econometric models for the characterization of player heterogeneity, both between and within subpopulations of players. In particular, two econometric models of diversity within sub-populations of players are investigated, one using a model of computational errors and the other a…
A general methodology for bootstrapping in non-parametric frontier models
The Data Envelopment Analysis method has been extensively used in the literature to provide measures of firms' technical efficiency. These measures allow rankings of firms by their apparent performance. The underlying frontier model is non-parametric since no particular functional form is assumed for the frontier model. Since the observations result from some data-generating process, the statistical properties of the estimated efficiency measures…
Why do Banks Disappear? The Determinants of U.S. Bank Failures and Acquisitions
This paper seeks to identify the characteristics that make individual U.S. banks more likely to fail or be acquired. We use bank-specific information to estimate competing-risks hazard models with time-varying covariates. We use alternative measures of productive efficiency to proxy management quality, and find that inefficiency increases the risk of failure while reducing the probability of a bank's being acquired. Finally, we show that the clos…
Sensitivity Analysis of Efficiency Scores
Efficiency scores of production units are generally measured relative to an estimated production frontier. Nonparametric estimators (DEA, FDH, ⋯) are based on a finite sample of observed production units. The bootstrap is one easy way to analyze the sensitivity of efficiency scores relative to the sampling variations of the estimated frontier. The main point in order to validate the bootstrap is to define a reasonable data-generating process in t…
On Players′ Models of Other Players
Explaining Bank Failures
This paper uses micro-level historical data to examine the causes of bank failure.For statecharactered Kansas banks during 19 10-28, time-to-failure is explicitly modeled using a proportional hazards framework.In addition to standard financial ratios, this study includes membership in the voluntary state deposit insurance system and measures of technical efficiency to explain bank failure.The results indicate that deposit insurance system members…
Technical Efficiency in the Decentralized Care of the Developmentally Disabled
This paper analyzes the technical efficiency of group home care for the developmentally disabled in the Detroit metropolitan area. Linear programming methods are used to construct a production frontier that allows measurement of relative technical efficiency among homes in the sample. A sensitivity analysis is performed to identify influential observations in the data that might result from measurement error that could distort the efficiency meas…
Detecting Outliers in Deterministic Nonparametric Frontier Models With Multiple Outputs
This article provides a statistical methodology for identifying outliers in production data with multiple inputs and outputs used in deterministic nonparametric frontier models. The methodology is useful in identifying observations that may contain some form of measurement error and thus merit closer scrutiny. When data checking is costly, the methodology may be used to rank observations in terms of their dissimilarity to other observations in th…
Residential location and scheduling of work hours
The highway speed-volume relationship revisited
Analyzing Frequencies of Several Types of Events
Joseph V. Terza, Paul W. Wilson, Analyzing Frequencies of Several Types of Events: A Mixed Multinomial- Poisson Approach, The Review of Economics and Statistics, Vol. 72, No. 1 (Feb., 1990), pp. 108-115
Scheduling Costs and the Value of Travel Time
This paper analyses costs to workers arising from off-peak work schedules. A discrete model of joint travel mode/work-start time choice is estimated using survey data from Singapore. The model indicates that the cost of adjusting one's work-start time δ time units away from the peak starting time is comparable to the cost of one's trip being extended by δ units. The results of this model indicate that transportation projects, such as increases in…
Welfare effects of congestion pricing in Singapore
Wage variation resulting from staggered work hours
Black Death, White Hands
Wage variation resulting from staggered work hours
The Emperor Has No Clothes
The Emperor has no Clothes Václav Havel (bio) During my first presidential visit to the United States more than fifteen years ago, I received an important gift here in Washington, on behalf of my country. It was the original manuscript of the Czechoslovakian Declaration of Independence from the year 1918. This rare and valuable document had, until 1990, been the property of the Library of Congress. It was hand-written in Czech by our first presid…
Scheduling Costs and the Value of Travel Time
This paper analyses costs to workers arising from off-peak work schedules. A discrete model of joint travel mode/work-start time choice is estimated using survey data from Singapore. The model indicates that the cost of adjusting one's work-start time δ time units away from the peak starting time is comparable to the cost of one's trip being extended by δ units. The results of this model indicate that transportation projects, such as increases in…
Residential location and scheduling of work hours
Black Death, White Hands
Welfare effects of congestion pricing in Singapore
Wage variation resulting from staggered work hours
Scheduling Costs and the Value of Travel Time
This paper analyses costs to workers arising from off-peak work schedules. A discrete model of joint travel mode/work-start time choice is estimated using survey data from Singapore. The model indicates that the cost of adjusting one's work-start time δ time units away from the peak starting time is comparable to the cost of one's trip being extended by δ units. The results of this model indicate that transportation projects, such as increases in…
Analyzing Frequencies of Several Types of Events
Joseph V. Terza, Paul W. Wilson, Analyzing Frequencies of Several Types of Events: A Mixed Multinomial- Poisson Approach, The Review of Economics and Statistics, Vol. 72, No. 1 (Feb., 1990), pp. 108-115
The highway speed-volume relationship revisited
Residential location and scheduling of work hours
Detecting Outliers in Deterministic Nonparametric Frontier Models With Multiple Outputs
This article provides a statistical methodology for identifying outliers in production data with multiple inputs and outputs used in deterministic nonparametric frontier models. The methodology is useful in identifying observations that may contain some form of measurement error and thus merit closer scrutiny. When data checking is costly, the methodology may be used to rank observations in terms of their dissimilarity to other observations in th…
Technical Efficiency in the Decentralized Care of the Developmentally Disabled
This paper analyzes the technical efficiency of group home care for the developmentally disabled in the Detroit metropolitan area. Linear programming methods are used to construct a production frontier that allows measurement of relative technical efficiency among homes in the sample. A sensitivity analysis is performed to identify influential observations in the data that might result from measurement error that could distort the efficiency meas…
On Players′ Models of Other Players
Explaining Bank Failures
This paper uses micro-level historical data to examine the causes of bank failure.For statecharactered Kansas banks during 19 10-28, time-to-failure is explicitly modeled using a proportional hazards framework.In addition to standard financial ratios, this study includes membership in the voluntary state deposit insurance system and measures of technical efficiency to explain bank failure.The results indicate that deposit insurance system members…
Sensitivity Analysis of Efficiency Scores
Efficiency scores of production units are generally measured relative to an estimated production frontier. Nonparametric estimators (DEA, FDH, ⋯) are based on a finite sample of observed production units. The bootstrap is one easy way to analyze the sensitivity of efficiency scores relative to the sampling variations of the estimated frontier. The main point in order to validate the bootstrap is to define a reasonable data-generating process in t…
A general methodology for bootstrapping in non-parametric frontier models
The Data Envelopment Analysis method has been extensively used in the literature to provide measures of firms' technical efficiency. These measures allow rankings of firms by their apparent performance. The underlying frontier model is non-parametric since no particular functional form is assumed for the frontier model. Since the observations result from some data-generating process, the statistical properties of the estimated efficiency measures…
Why do Banks Disappear? The Determinants of U.S. Bank Failures and Acquisitions
This paper seeks to identify the characteristics that make individual U.S. banks more likely to fail or be acquired. We use bank-specific information to estimate competing-risks hazard models with time-varying covariates. We use alternative measures of productive efficiency to proxy management quality, and find that inefficiency increases the risk of failure while reducing the probability of a bank's being acquired. Finally, we show that the clos…
Modeling and Testing for Heterogeneity in Observed Strategic Behavior
Experimental data have consistently shown diversity in beliefs as well as in actions among experimental subjects. This paper presents and compares alternative behavioral econometric models for the characterization of player heterogeneity, both between and within subpopulations of players. In particular, two econometric models of diversity within sub-populations of players are investigated, one using a model of computational errors and the other a…
The Emperor Has No Clothes
The Emperor has no Clothes Václav Havel (bio) During my first presidential visit to the United States more than fifteen years ago, I received an important gift here in Washington, on behalf of my country. It was the original manuscript of the Czechoslovakian Declaration of Independence from the year 1918. This rare and valuable document had, until 1990, been the property of the Library of Congress. It was hand-written in Czech by our first presid…
Estimation and inference in two-stage, semi-parametric models of production processes
Robust Nonparametric Quantile Estimation of Efficiency and Productivity Change in U.S. Commercial Banking, 1985–2004
This article uses a new nonparametric, unconditional, hyperbolic order-αquantile estimator to construct a hyperbolic version of the Malmquist index. Unlike traditional nonparametric efficiency estimators, the new estimator is both robust to data outliers and has a root-n convergence rate. We use this estimator to examine changes in the efficiency and productivity of U.S. banks between 1985 and 2004. We find that larger banks experienced larger ef…
Two-stage DEA
Are Credit Unions Too Small
U.S. credit unions serve 93 million members, hold 10% of U.S. savings deposits, and make 13.2% of all nonrevolving consumer loans. Since 1985, the share of U.S. depository institution assets held by credit unions has nearly doubled, and the average (inflation-adjusted) size of credit unions has increased over 600%. We use a local-linear estimator, dimesion-reduction techniques, and bootstrap methods to estimate and make inference about ray scale …
Testing Hypotheses in Nonparametric Models of Production
Data envelopment analysis (DEA) and free disposal hull (FDH) estimators are widely used to estimate efficiency of production. Practitioners use DEA estimators far more frequently than FDH estimators, implicitly assuming that production sets are convex. Moreover, use of the constant returns to scale (CRS) version of the DEA estimator requires an assumption of CRS. Although bootstrap methods have been developed for making inference about the effici…
The Afrofuturist Village
The Afrofuturist Village was a solo exhibition of photographs and a short video by Masiyaleti Mbewe, a Zambian artist and writer based in Windhoek, Namibia (Fig. 1). It was part of FAVT: Future Africa Visions in Time, an ambitious program of exhibitions, performances, and workshops held at the Goethe Institute Namibia, between January 24 and March 27, 2018. The program explored various “modes of futuring,” or ways of experiencing and manipulating…
Benchmarking the performance of US Municipalities
Nonparametric, Stochastic Frontier Models with Multiple Inputs and Outputs
Stochastic frontier models along the lines of Aigner et al. are widely used to benchmark firms’ performances in terms of efficiency. The models are typically fully parametric, with functional form specifications for the frontier as well as both the noise and the inefficiency processes. Studies such as Kumbhakar et al. have attempted to relax some of the restrictions in parametric models, but so far all such approaches are limited to a univariate …
Economics (17 works) · Computer Science (14 works) · Econometrics (14 works) · Efficiency Analysis Using DEA (11 works) · Mathematics (11 works) · Statistics (11 works) · Monetary Policy and Economic Impact (7 works) · Estimator (6 works) · Business (5 works) · Economic and Environmental Valuation (5 works)