We study the efficiency of capital allocations at state-controlled and privately owned business groups in China. Using …

This paper provides a method to measure the traditional Kaldor-Hicks notion of “economic efficiency” when taxes affect … behavior. In contrast to traditional unweighted surplus, measuring efficiency requires weighting individual benefits (or … results suggest that measuring economic efficiency requires weighting surplus accruing to the poor roughly 1.5-2 times more …

arrangements on productive efficiency in medical group practices. The technique employed is two-stage production frontier … estimation. This technique provides direct estimates of productive efficiency and allows for differences across agents in ability … or responsiveness to financial incentives. In the frontier literature productive efficiency is assumed to be exogenously …

reports estimates of substitution elasticities for normalized nested CES aggregate production functions for China with … substitution elasticity between capital and labor for China is below unity. When human capital adjusted labor is used as input …

aggregate ownership transfers improve profitability, though not in cases where the transfers themselves were corrupted …