Last, Anne-Kathrin; Wetzel, Heike - 2009
background, this paper analyzes the efficiency of German public theaters for the seasons 1991/1992 to 2005/2006. Using a … evaluate the impact of unobserved heterogeneity on the efficiency estimates. The results indicate that the cost …-minimizing assumption cannot be maintained. Consequently, an efficiency analysis based on a cost function approach seems inappropriate in …