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Efficiency and Equity in Schools Around the World

Hanushek, Eric Alan; Luque, Javier A. - 2021

of developed and developing countries show general problems with the efficiency of resource usage similar to those found …

Persistent link: https://www.econbiz.de/10013223564

Alternative Compensation Arrangements and Productive Efficiency in Partnerships : Evidence from Medical Group Practice

Gaynor, Martin; Pauly, Mark V. - 2021

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 …

Persistent link: https://www.econbiz.de/10013224695

Measuring Economic Efficiency Using Inverse-Optimum Weights

Hendren, Nathaniel - 2014

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 …

Persistent link: https://www.econbiz.de/10013049692

Production Function Estimation and Capital Measurement Error

Collard-Wexler, Allan - 2016

We look into the impact of measurement error in capital on the estimation of production functions. We introduce an identification scheme and an estimation procedure that jointly deals with measurement error in capital and the standard simultaneity bias due to unobserved productivity shocks. We...

Persistent link: https://www.econbiz.de/10012986295

The Dynamics of Productivity in the Telecommunications Equipment Industry

Olley, G. Steven; Pakes, Ariel - 2021

the plants' rates of productivity growth, and there was actually a fall in our index of the efficiency of the allocation …

Persistent link: https://www.econbiz.de/10013227892

Heterogeneity in Panel Data : are There Stable Production Functions?

Mairesse, Jacques; Griliches, Zvi - 2021

We estimate separate productions functions for approximately 450 manufacturing firms each in France and the United States and for 850 manufacturing firms in Japan, covering the 13 year period 1967-1979, and focus on the wide dispersion in the estimated slope coefficients in all three countries....

Persistent link: https://www.econbiz.de/10013244899

Production Functions : The Search for Identification

Griliches, Zvi; Mairesse, Jacques - 2021

Some aspects of the econometric estimation of production functions are discussed, focussing primarily on the issue of simultaneity and reviewing the stream of criticisms of Douglas' work and the response to it. We look in particular at the work that uses panel data on micro data for plants or...

Persistent link: https://www.econbiz.de/10013229122

Typically Unobserved Variables (Tuvs) and Selection into Prenatal Inputs : Implications for Estimating Infant Health Production Functions

Reichman, Nancy E.; Corman, Hope; Noonan, Kelly; Dave, … - 2021

We examine the extent to which infant health production functions are sensitive to model specification and measurement error. We focus on the importance of typically unobserved but theoretically important variables (TUVs), other non-standard covariates (NSCs), input reporting, and...

Persistent link: https://www.econbiz.de/10013232460

Fuzzy Frontiers of Production : Evidence of Persistent Inefficiency in Safety Expenditures

Ichniowski, Casey - 2021

This study documents a strong inverse relationship between accident rates and production in a sample of eleven firms in the same narrowly defined industry classification. Given the detailed set of input controls and controls for plant-specific and time-specific factors used in the analysis, the...

Persistent link: https://www.econbiz.de/10013236836

Nonparametric Applications of Bayesian Inference

Chamberlain, Gary; Imbens, Guido - 2021

The paper evaluates the usefulness of a nonparametric approach to Bayesian inference by presenting two applications. The approach is due to Ferguson (1973, 1974) and Rubin (1981). Our first application considers an educational choice problem. We focus on obtaining a predictive distribution for...

Persistent link: https://www.econbiz.de/10013218983