agents affect outcomes and efficiency. Informational asymmetries generate inefficiency. In an environment where principals … principals. In contrast, when agents compete to be hired, efficiency improves dramatically, and it increases in the relative …

This paper investigates the impact of ownership structure and contractual choices on technical efficiency in the French … frontier methodology.The econometric results corroborate our proposition: the technical efficiency of urban public transport …

banking crisis, the post-crisis period should be the time for recovering efficiency. Moreover, traditional banking theory …

efficiency and local uniqueness of the competitive equilibrium hold. On the contrary, for lower values of the share of first …

We study the impact of crossholdings on the efficiency of the standard auction formats. The ascending auction is not …

Improving the efficiency of water use is usually presented as an opportunity for large water savings, particularly in … rush for efficiency gains. This article, based on the energy sector, shows that the concept helps to identify possible … unintended consequences of increasing efficiency and shows how efficiency gains are shared in society. However, it might be …