dynamic efficiency of banks in the long run. The authors find the following main results. First, the cost-to-income ratio has …

, seek a dynamic efficiency rationale. We study a lifecycle model wherein young agents make health investments to reduce … mortality risk. We identify a welfare rationale for public health under dynamic efficiency and exogenous mortalityeven when … borrowers, it works together with dynamic efficiency to support a role for public health. …

This paper is the first to explicitly test for the presence of a trade-off between static and dynamic efficiency and a …

empirically test hypotheses on the optimal R&D portfolio, investment, performance, and dynamic efficiency of R&D for acquisitions … much in aggregate R&D as independent firms. The empirical results do not support our hypothesis on dynamic efficiency since …

economy which satisfies the usual conditions for dynamic efficiency viz. the rate of interest is at least as great as the … economy which satisfies the usual conditions for dynamic efficiency viz. the rate of interest is at least as great as the … Diamond (1965). Shell (1971), Buiter (1981), Matsuyama (1991) and Lang (1996) discuss dynamic efficiency and overaccumulation …