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When, where and how to perform efficiency estimation

Badunenko, Oleg; Henderson, Daniel J.; Kumbhakar, Subal C. - 2011

In this paper we compare two flexible estimators of technical efficiency in a cross-sectional setting: the … nonparametric kernel SFA estimator of Fan, Li and Weersink (1996) to the nonparametric bias corrected DEA estimator of Kneip, Simar … 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/10010280699

A Measure of Well-Being Efficiency Based on the World Happiness Report

Sarracino, Francesco; O'Connor, Kelsey J. - 2022

We estimate a measure of well-being efficiency that assesses countries' ability to transform inputs into subjective … Analysis to a sample of 126 countries. Efficiency scores reveal that high ranking subjective well-being countries, such as the … Nordics, are not strictly the most efficient ones. Also, the scores are uncorrelated with economic efficiency. This suggests …

Persistent link: https://www.econbiz.de/10013470432

Learning Efficiency of Economics Students

Zimmermann, Klaus F.; Bauer, Thomas K. - 1998

on students learning efficiency. The results indicate that the main effects of the re-organization on the learning … efficiency was a decreasing importance of students? attendance and of continuous preparation of the material. …

Persistent link: https://www.econbiz.de/10010262264

Impact of reforms on plant-level productivity and technical efficiency: evidence from the Indian manufacturing sector

Bhaumik, Sumon Kumar; Kumbhakar, Subal C. - 2008

explained by growth in the use of factor inputs. We also find that median technical efficiency declined in all but one of the … industries between the two years, and change in technical efficiency explains a very small proportion in the change in gross …

Persistent link: https://www.econbiz.de/10010268573

Technical Efficiency, Unions and Decentralized Labor Contracts

Devicienti, Francesco; Manello, Alessandro; Vannoni, Davide - 2016

agreements and technical efficiency, using a large sample of Italian manufacturing firms. We apply the Data Envelopment Analysis …, and its robust version based on bootstrap theory, to get reliable estimates of technical efficiency at the firm level in a … frontiers, as well as to the presence of outliers. The obtained efficiency scores are analyzed in a second stage applying a …

Persistent link: https://www.econbiz.de/10011584607

Corporate R&D and firm efficiency: evidence from Europe's top R&D investors

Kumbhakar, Subal C.; Ortega-Argilés, Raquel; Potters, … - 2009

as pivotal input in order to control for their particular contribution to firm-level efficiency. Conceptually, the study … of low-tech industries. However, with regard to firms' technical efficiency, R&D matters for all industries (unlike …

Persistent link: https://www.econbiz.de/10010269441

On-the-job search and sorting

Gautier, Pieter A.; Teulings, Coen N.; van Vuuren, Aico - 2005

We characterize the equilibrium of a search model with a continuum of job and worker types, wage bargaining, free entry of vacancies and on-the-job search. The decentralized economy with monopsonistic wage setting yields too many vacancies and hence too low unemployment compared to first best....

Persistent link: https://www.econbiz.de/10010277102

Applications and interviews: A structural analysis of two-sided simultaneous search

Wolthoff, Ronald P. - 2010

A large part of the literature on frictional matching in the labor market assumes bilateral meetings between workers and firms. This ignores the frictions that arise when workers and firms meet in a multilateral way and cannot coordinate their application and hiring decisions. I analyze the...

Persistent link: https://www.econbiz.de/10010278320

Simultaneous search and network efficiency

Gautier, Pieter A.; Holzner, Christian L. - 2011

When workers send applications to vacancies they create a network. Frictions arise because workers typically do not know where other workers apply to and firms do not know which candidates other firms consider. The first coordination friction affects network formation, while the second...

Persistent link: https://www.econbiz.de/10010278512

Security of property as a public good: Institutions, socio-political environment and experimental behavior in five countries

Campos-Ortiz, Francisco; Putterman, Louis G.; Ahn, T. K.; … - 2012

We study experimentally the protection of property in five widely distinct countries - Austria, Mexico, Mongolia, South Korea and the United States. Our main results are that the security of property varies with experimental institutions, and that our subject pools exhibit significantly...

Persistent link: https://www.econbiz.de/10010289958