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Data Envelopment Analysis (DEA) is often used by regulators to create a pseudo-competitive environment for sectors with natural monopolies. In addition to develop a theoretically well-behaved model, regulators need to take into account several other factors, such as the political agenda and the...
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The issue of quality and its relationship with efficiency and performance is a crucial operational issue in many fields of study including production economics, operations research, engineering and business management. In this paper we provide a methodology for identifying latent quality...
Persistent link: https://www.econbiz.de/10011986764
role of benchmarking as a means of improving the implementation record of structural reforms in the European Union. Against … this background, the paper puts forward a possible avenue for developing a strong form of quantitative benchmarking, namely …
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Benchmarking analysis facilitates the formulation of competitiveness and innovation strategies. It also helps in the … facilitate the development of the three stages that benchmarking exercises should undertake, adding its application to the Basque … Country as an illustrative example. The first requirement of a good benchmarking exercise is the comparability principle, that …
Persistent link: https://www.econbiz.de/10011529495
The Eurosystem staff forecasts are conditional on the financial markets, the global economy and fiscal policy outlook, and include expert judgement. We develop a multi-country BVAR for the four largest countries of the euro area and we show that it provides accurate conditional forecasts of...
Persistent link: https://www.econbiz.de/10011975386
This paper examines the potential role for increasing social welfare rates, along with tax credits and bands, in line with price or wage inflation - a process known as indexation. Ireland currently has a default policy of no increases in line with inflation, with ad hoc changes instead announced...
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