We present a dynamic model of factor demands based on expected discounted costs minimization. While making only very mild assumptions on expectations and technology, we are able to establish a duality relationship between contemporary factor demands and the technology, and we provide formula for...

The authors explain why comparing the total factor productivities o f extractive and nonextractive sectors is likely to be misleading. They then propose a correction and implement it for the case of asbestos, where it turns out to make a significant difference.

[ger] Unternehmensspezifische Finanzpolitik und komplettes Faktorenangebots- und nachfragesystem, . von Camille Bronsard, Pierre Ouellette und Lise Salvas-Bronsard. . . In diesem Artikel wird eine gemeinsame Axiomatisierung der Technologie, der Antizipationen und der vertraglichen Beziehungen...

This research proposes an approach to measure hospital performance based on a generalization of Banker and Morey (1986) and Førsund (1996). This approach considers quasi-fixed inputs explicitly, calculates their implicit cost, and quantifies returns to scale. The performance measure is...

Using life expectancy as a general health indicator, results suggest that increases in drug spending could be more than offset by decreases in other healthcare spending without affecting the health of the population. This suggests that better access to drugs may be an effective strategy to...

This paper proposes a method to measure efficiency in highly regulated capital-intensive industries in the presence of state-owned enterprises. We generalize the data envelopment analysis method to include regulation in the model, as well as the quasi-fixed nature of capital and its links with...