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This paper offers many new insights into the processes of firm growth by applying a vector autoregression (VAR) model to longitudinal panel data on French manufacturing firms. We observe the co-evolution of key variables such as growth of employment, sales, gross operating surplus and labour...
Persistent link: https://www.econbiz.de/10010750364
This paper offers new insights into the processes of firm growth by applying a reduced form vector autoregression (VAR) model to longitudinal panel data on French manufacturing firms (1996-2004). We observe the co-evolution of key variables such as growth of employment, sales, and gross...
Persistent link: https://www.econbiz.de/10010750816
This book provides an elaboration upon the concept of knowledge from an economic viewpoint. However this is not a book on economics of knowledge, at least not in the conventional sense. Most of the existing books on the matter have focused on the treatment of knowledge in terms of properties of...
Persistent link: https://www.econbiz.de/10010569150
Se miden las ganancias potenciales de eficiencia de cinco fusiones de bancos, producidas entre 2005 y 2011, analizándolas con la metodología de análisis envolvente de datos. Dadas las divergencias entre modelos de rendimientos constantes y variables, se testean rendimientos para discernir...
Persistent link: https://www.econbiz.de/10010930238
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 …
Persistent link: https://www.econbiz.de/10009220690
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 …
Persistent link: https://www.econbiz.de/10010750357
banking crisis, the post-crisis period should be the time for recovering efficiency. Moreover, traditional banking theory …
Persistent link: https://www.econbiz.de/10010750383
efficiency and local uniqueness of the competitive equilibrium hold. On the contrary, for lower values of the share of first …
Persistent link: https://www.econbiz.de/10010750993
Bi-cooperative games were introduced by Bilbao et al. as a generalization of TU cooperative games, in which each player can participate positively, negatively, or not at all. In this paper, we propose a definition of a share of the worth obtained by some players after they decided on their...
Persistent link: https://www.econbiz.de/10010738682
This document proposes a new decomposition of unit labor cost changes (ULC) in terms of efficiency, technical progress … that labor intensive technical change results in positive efficiency changes while capital intensive technical changes …
Persistent link: https://www.econbiz.de/10010663555