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We analyze how adding the shadow economy to official output figures affects technical efficiency. We find that this … only slightly affects the ranking of efficiency scores, but increases average efficiency. Our results are robust to the …
Persistent link: https://www.econbiz.de/10010294534
terms of productivity and technical efficiency than universities that did not apply for the program, albeit these dimensions … applicants suffered a drop in efficiency at the time of applying. All this does not rule out, however, that research …
Persistent link: https://www.econbiz.de/10011420348
Are competitive mechanisms perceived as just sources of economic inequality? Perceptions of fairness violations can have severe economic consequences, as they may cause counterproductive behavior such as rulebook slowdowns or quality shading. To analyze fairness perceptions associated with...
Persistent link: https://www.econbiz.de/10011420556
In facility layout problems, a major concern is the optimal design or remodeling of the facilities of an organization. The decision maker's objective is to arrange the facility in an optimal way, so that the interaction among functions (i.e. machines, inventories, persons) and places (i.e....
Persistent link: https://www.econbiz.de/10010321747
The unique capital structure of commercial banking - funding production with demandable debt that participates in the economy´s payments system - affects various aspects of banking. It shapes banks´ comparative advantage in providing financial products and services to informationally opaque...
Persistent link: https://www.econbiz.de/10010334246
We describe the simple analytics of the four main types of sales taxes under revenue neutrality: the retail sales tax, the value added tax, a cascading sales tax and a manufacturers' sales tax. The retail sales tax is shown to be equivalent to a value added tax. In order to produce equal...
Persistent link: https://www.econbiz.de/10010334272
Almost Ideal Demand System. In addition, we suggest a more general way of measuring efficiency that can incorporate a concern …
Persistent link: https://www.econbiz.de/10010334306
theft and most groups achieve much greater efficiency in the presence of communication. Ease of identifying who has engaged …
Persistent link: https://www.econbiz.de/10011669324
Our research as well as that by other authors has found scale economies at all sizes of banks and the largest scale economies at the largest banks - that is, larger banks are able to provide products at lower average cost than smaller banks. While the earlier literature found that scale...
Persistent link: https://www.econbiz.de/10011687916
By eliminating the influence of statistical noise, stochastic frontier techniques permit the estimation of the best-practice value of a firm´s investment opportunities and the magnitude of a firm´s systematic failure to achieve its best-practice market value - a gauge of the magnitude of...
Persistent link: https://www.econbiz.de/10011687921