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This article suggests that the global inefficiency which generally affects a production process is endogenous and depends on the incentives generated by the process environment. We propose to treat the usual correlation between the inefficiency and the regressors of the production frontier...
Persistent link: https://www.econbiz.de/10005486526
Les travaux empiriques sur les effets de la reglementation des monopoles publics ou prives montrent que la mesure des couts doit tenir compte de l'incidence des strutures contractuelles. L'objectif de cet article est l'etude des structures productives dans l'industrie du transport urbain...
Persistent link: https://www.econbiz.de/10005639405
This paper is aimed at assesssing the empirical relevance of the new theory of regulation inspired by the theory of incentives. It contributes to the econometrics of asymmetric information models by using the principal-agent framework for studying the regulatory schemes used in French urban...
Persistent link: https://www.econbiz.de/10005671136