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classified according their relative efficiency, it can be interpreted as an indicator of comparative advantage. Our results … significant loss of efficiency for the economy, such that only 50 out of 125 industries, accounting for 39 percent of the Spanish … the verge of relative efficiency.[...] …
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This paper uses a stochastic cost frontier model to investigate the efficiency of Britain’s private railways during the … that private ownership per se is not sufficient to promote efficiency in the railway industry; it should be supported by …
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There are N citizens who have to make a social decision about a set policies denotedby x ∈ A, where A denotes the set of feasible policies. Citizen’s preferencesover policy are denoted V i (x, j) ( where i = 1, ...,N) ,and j denotes the identityof the policy maker. This specification allows...
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at reducing fixed costs of entry (deregulation)and improving the efficiency of financial markets (financial reform …
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answer around two proximate determinants: factors of productionand efficiency. It answers the question “how much of the cross …-country income variance canbe attributed to differences in (physical and human) capital, and how much to differencesin the efficiency … current consensus is that efficiency is at leastas important as capital in explaining income differences. I survey the data …
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[...]The New York City Social Indicators Survey (SIS)project represents one effort to track the consequences ofpolicy reform and devolution for inequality and well-beingin the largest and most diverse city in the United States.The project uses a telephone survey to collect data from arepeated...
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