Asmild, Mette; Bogetoft, Peter; Leth Hougaard, Jens - In: Omega 41 (2013) 1, pp. 80-87
models and the branches work in a highly competitive environment. One would therefore expect limited ‘inefficiency’ in the … ‘inefficiency’ which raises the question whether this is best interpreted as waste or if the apparent inefficiency may serve other … purposes. To investigate this, we invoke the theoretical framework of rational inefficiency (Bogetoft and Hougaard [8]). …