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We analyze the limit behavior of sequences of oligopolistic equilibria in which firms follow objectives consistent with their shareholders' interests. We show that the efficiency of the limit allocation depends on how firms' shares are distributed across consumers, and provide a characterization...
Persistent link: https://www.econbiz.de/10008544690
The Two-Stage Least Squares (2-SLS) is a well known econometric technique used to estimate the parameters of a multi-equation (or simultaneous equations) econometric model when errors across the equations are not correlated and the equation(s) concerned is (are) over-identified or exactly...
Persistent link: https://www.econbiz.de/10005837152
In this article, we have used a stochastic frontier approach (SFA) in order to analyse the efficiency and determinants of the manufacturing firms from Central and Eastern Europe. The results reveal that firms from Poland, Czech Republic, Hungary have a higher efficiency than firms from Romania...
Persistent link: https://www.econbiz.de/10010734566
This paper analyzes the effect of intangible investment on firm efficiency with an emphasis on its software component. Stochastic production frontier approach is used to simultaneously estimate the production function and the determinants of technical efficiency in the software intensive...
Persistent link: https://www.econbiz.de/10010850461
create mechanisms for administrative control of prices, through costs. Organizations and managers also put emphasis on cost … accounting and control. Expenditure control in the past, present and future is part of the work of all managers in a company …. Companies that try to make profit, focus on cost control that affect them directly. Also, knowing the costs, segmented by …
Persistent link: https://www.econbiz.de/10010550625
The overall costs of the payment system to society are considerable. These costs depend on the relative usage of the available payment instruments, which differ in the costs that each entails to market participants in the payment chain. In the Netherlands, debit card payments have become less...
Persistent link: https://www.econbiz.de/10010945593
This paper examines the influence of environmental factors on technical, cost, scale and revenue efficiency of German savings banks in 2001-2005. Taking into account growing regional disparities in economic wealth and population size, it differentiates between declining and growing regions....
Persistent link: https://www.econbiz.de/10010958245
The present study aims to investigate the effect of socialization on employee’s efficiency with moderating role of perceived organizational support. A field survey approach was used by selecting 30 employees from telecom sector. Pakistan study area was district Hyderabad. Multistage simple...
Persistent link: https://www.econbiz.de/10011261014
A principal-agent model is formulated to capture the efficiency of cooperatives with a member CEO and cooperatives with an employed outsider as CEO. Results of the model show that the incentive strength regarding the member CEO is stronger compared to that of the outside CEO in order to shift...
Persistent link: https://www.econbiz.de/10010837536
One of the major tasks facing a transition economy is to create the competitive environment of a properly functioning market economy. It is widely believed that competition has a positive effect on efficiency, but the theoretical and empirical support is quite scarce. The objective of this paper...
Persistent link: https://www.econbiz.de/10005677669