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When, Where and How to Perform Efficiency Estimation
Badunenko, Oleg - 2011
In this paper we compare two flexible estimators of technical efficiency in a cross-sectional setting: the … examples. We find that the reliability of efficiency scores critically hinges upon the ratio of the variation in efficiency to …
Persistent link: https://www.econbiz.de/10013120128
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Skilled Immigrants' Contribution to Productive Efficiency
Nahm, Daehoon - 2014
This paper studies whether skilled migrants contribute to the host country's 'productive efficiency' (Farrell, 1957 … find that skilled migrants contribute positively to a country's productive efficiency with the exception of the finance …
Persistent link: https://www.econbiz.de/10013050617
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Relative Efficiency, Scale Effect, and Scope Effect of Public Hospitals : Evidence from Australia
Wang, Jian - 2007
Using the 1997-1998 New South Wales public-hospitals comparison data, we investigate the hospital-level inefficiency by applying a stochastic-frontier multiproduct cost function. We use a flexible translog cost function to reduce the measurement errors of the outputs of the hospital. The main...
Persistent link: https://www.econbiz.de/10012777982
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Forecasting Errors : Yet More Problems for Identification?
Contini, Bruno - 2009
Forecasting errors pose a serious problem of identification, often neglected in empirical applications. Any attempt of estimating choice models under uncertainty may lead to severely biased results in the presence of forecasting errors even when individual expectations on future events are...
Persistent link: https://www.econbiz.de/10012764650
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Randomizing Endowments : An Experimental Study of Rational Expectations and Reference-Dependent Preferences
Goette, Lorenz - 2014
An important advance in the study of reference-dependent preferences is the discipline provided by coherent accounts of reference point formation. Kőszegi and Rabin (2006) provide such discipline by positing a reference point grounded in rational expectations. We examine the predictions of...
Persistent link: https://www.econbiz.de/10013043666
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On Gender Gaps and Self-Fulfilling Expectations : Theory, Policies and Some Empirical Evidence
de la Rica, Sara - 2008
This paper considers a simple model of self-fulfilling expectations that leads to a multiple equilibrium of gender gaps in wages and participation rates. Rather than resorting to moral hazard problems related to unobservable effort, like in most of the related literature, our model fully relies...
Persistent link: https://www.econbiz.de/10012771577
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Rationalizing Rational Expectations? Tests and Deviations
D'Haultfœuille, Xavier - 2018
In this paper, we build a new test of rational expectations based on the marginal distributions of realizations and subjective beliefs. This test is widely applicable, including in the common situation where realizations and beliefs are observed in two different datasets that cannot be matched....
Persistent link: https://www.econbiz.de/10012906482
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To See is to Believe : Common Expectations in Experimental Asset Markets
Cheung, Stephen L. - 2012
We challenge the recent claim that mispricing in the experimental asset markets introduced by Smith, Suchanek, and Williams (1988) is merely an artefact of confusion over declining fundamental value, and can be eliminated through appropriate training. We instead propose that when training is...
Persistent link: https://www.econbiz.de/10013099096
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Gender Equity in Labor Market Opportunities and Aggregate Technical Efficiency : A Case of Equity Promoting Efficiency
Hazarika, Gautam; Khraiche, Maroula; Kutlu, Levent - 2023
equity in labor market opportunities upon efficiency in the production of GDP. It finds that aggregate technical efficiency … tracing its ancestry to ethnic groups who adopted the plough as an agricultural implement. That aggregate technical efficiency … a misallocation of employed women. Additionally, aggregate technical efficiency appears improved by democracy, the …
Persistent link: https://www.econbiz.de/10014357173
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The Effects of Access to Credit on Productivity : Separating Technological Changes from Changes in Technical Efficiency
Jimi, Nusrat - 2019
) and technical efficiency changes. We found that relative to the baseline rice output per decimal, access to credit … total effect into the frontier shift and efficiency improvement, we found that, on average, around 11 percent of the … improvements in technical efficiency. The efficiency gain was higher for modern hybrid rice varieties, and almost zero for …
Persistent link: https://www.econbiz.de/10012864861