Using the planning and regulatory function of 173 NSW local governments, several approaches for incorporating contextual or non-discretionary inputs in data envelopment analysis (DEA) are compared. Non-discretionary inputs (or factors beyond managerial control) in this context include the...

The impact of natural disasters on the Australian equity market is examined. The data set employed consists of daily price and accumulation returns over the period 31 December 1982-1 January 2002 for the All Ordinaries Index (AOI) and a record of 42 severe storms, floods, cyclones, earthquakes...