principals. We first show theoretically how these different degrees of competition affect outcomes and efficiency. Informational … inefficiencies remain. In contrast, when agents compete to be hired, efficiency improves dramatically, and it increases in the …

longitudinal data set on all manufacturing firms in Slovenia over the period 1994-2001, this study analyzes how firm efficiency … firm efficiency occurs across almost all industries and firm types: large or small; state or private; domestic or foreign …-owned. Changes in firm ownership type have no impact on firm efficiency. Rather, competitive pressures that sort out inefficient …

Higher education is in the position to save Europe by rendering a substantial contribution to sustainable economic …