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The Law of One Price in Data Envelopment Analysis: Restricting Weight Flexibility Across Firms
Kuosmanen, Timo; Cherchye, Laurens; Sipiläinen, Timo - EconWPA - 2003
The Law of One Price (LoOP) states that all firms face the same prices for their inputs and outputs in the competitive market equilibrium. This law has powerful implications for productive efficiency analysis, which have remained unexploited thus far. This paper shows how LoOP-based weight...
Persistent link: https://www.econbiz.de/10005413250
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Firm and Industry Level Profit Efficiency Analysis Under Incomplete Price Data: A Nonparametric Approach based on Absolute and Uniform Shadow Prices
Kuosmanen, Timo; Kortelainen, Mika; Sipiläinen, Timo; … - EconWPA - 2005
We discuss the nonparametric approach to profit efficiency analysis at the firm and industry levels in the absence of complete price information, and propose two new insights. First, choosing one commodity (whose price is known) as a numeraire good enables us to measure profit inefficiency in...
Persistent link: https://www.econbiz.de/10005413294
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Does a Soft Macroeconomic Environment Induce Restructuring on the Microeconomic Level during the Transition Period? Evidence from Investment Behavior of Czech Enterprises
Lizal, Lubomir - EconWPA - 2001
The paper analyzes investment behavior of industrial enterprises in the period immediately following price and foreign trade liberalization in the Czech Republic. It also focuses on the effect of Asoft@ macroeconomic environment on the microeconomic decisions. A dynamic investment function with...
Persistent link: https://www.econbiz.de/10005118676
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ICT productivity and firm propensity to innovative investment: learning effect evidence from italina micro data
Atzeni, Gianfranco Enrico; Carboni, Oliviero Antonio - EconWPA - 2005
This work attempts to shed light on the “information technology productivity paradox”. Employing a large data set of … Italian manufacturing firms we compute ICT marginal productivity across different cluster of firms and the impact of …/introduction behaviour and firm’s technological investment aptitude have any role in explaining ICT productivity. We find that low capital …
Persistent link: https://www.econbiz.de/10005076878
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Data Envelopment Analysis in Environmental Valuation: Environmental Performance, Eco-efficiency and Cost-Benefit Analysis
Kuosmanen, Timo; Kortelainen, Mika - EconWPA - 2004
Data Envelopment Analysis (DEA) is a linear programming based method for evaluating performance of comparable production units such as firms. Although the method is already extensively applied in many areas of economics, its use in environmental economics and related fields remains limited. The...
Persistent link: https://www.econbiz.de/10005556149
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To a Mathematical Model of Economy and Environment Interaction //Mathematical modelling. 2003. V.15. No.4. P.107-121.
Demberel S.; Olenev, Nicholas; Pospelov, Igor - EconWPA - 2003
This paper presents new results of mathematical modeling of economy and environment interaction. A model of mutual interaction of livestock farming - one in a two main agricultural branches - and natural pastures that are the essential part of livestock farming forage reserve is proposed....
Persistent link: https://www.econbiz.de/10005062740
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Bank loans, start-up subsidies and the survival of the new firms: an econometric analysis at the entrepreneur level
Bruno, CREPON; Emmanuel, DUGUET - EconWPA - 2004
We evaluate the impact of bank loans and start-up subsidies on the survival of the new firms. This work relies on the SINE94 survey that provides rich information on the entrepreneurs and their start-up projects. We use the propensity score matching methodology, in the case of multiple...
Persistent link: https://www.econbiz.de/10005408373
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Eco-Efficiency Analysis of Consumer Durables Using Absolute Shadow Prices
Kortelainen, Mika; Kuosmanen, Timo - EconWPA - 2005
We develop a method for eco-efficiency analysis of consumer durables by utilizing Data Envelopment Analysis (DEA). In contrast to previous product efficiency studies, we consider the measurement problem from the perspective of a policy maker. The novel innovation of the paper is to measure...
Persistent link: https://www.econbiz.de/10005556914
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Stochastic Dominance Efficiency Tests under Diversification
Kuosmanen, Timo - EconWPA - 2001
This paper focuses on Stochastic Dominance (SD) efficiency in a finite empirical panel data. We analytically characterize the sets of unsorted time series that dominate a given evaluated distribution by the First, Second, and Third order SD. Using these insights, we develop simple Linear...
Persistent link: https://www.econbiz.de/10005561692
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Value Creation and Profit Optimization
Winther, K. Tobias - EconWPA - 2002
The present paper develops a basic framework for evaluating and optimizing profits in a business operation. In developing a business we are often faced with an infinity of choices ranging from what products or services to sell and what customers to target to how to structure and manage the...
Persistent link: https://www.econbiz.de/10005561773