Duch-Brown, Néstor; Fonfría, Antonio; Trujillo-Baute, … - In: Defence and Peace Economics 25 (2014) 1, pp. 23-38
This paper uses an output-oriented stochastic distance function to compute defense contractors' technical efficiency as a measure of performance. Then, nesting a market structure and conduct equation into the frontier, we identify firm and industry factors that affect the observed inefficiency...