between the risk-incentives literature in banking that ignores the microeconomics of production and the production literature … that ignores the relationship between production decisions and risk. …We argue for a shift in the focus of modeling production from the traditional assumptions of profit maximization and …

model in which domestic and foreign investment interact in two important ways. First, the MNC's production technology allows … from Canadian MNCs that invest solely in the United States. Our estimtes support the view that production and adjustment …

This paper explores how to incorporate banks' capital structure and risk-taking into models of production. In doing so … considering the underlying microeconomics of production and (2) the literature that uses dual profit and cost functions to study … the microeconomics of bank production without explicitly considering how banks' production decisions influence their …

correction in the estimation of hospital performance. …

designed to put hospitals at operating risk are more effective than retrospective payment systems. However, hospitals are … heterogeneous with respect to their production technologies, making a random parameter frontier model the superior specification for …