efficiency and distinguishes the effects among banks with different characteristics. The model is fitted to a 10-year sample of … Colombian banks. Cost and profit efficiency are found to be over and underestimated, respectively, when risk measures are … omitted or are not accurately modelled. Moreover, the magnitudes at which similar levels of risk affect bank efficiency vary …

procedures specifically account for Davies problem and are based on non-standard asymptotic theory. Finally, we perform an … Cobb- Douglas and Translog functional forms support three thresholds or four regimes based on farm size. The efficiency …

convexity constraints implied by economic theory, leading to estimated elasticities and shadow prices that are incorrectly … relative efficiency levels. We show how a Bayesian approach can be used to impose these constraints on the parameters of a …

this fishery precludes an analysis of how the buyback has affected profitability, but changes in technical efficiency can … on technical efficiency in the trawl fleet, applies stochastic frontier analysis to assess whether technical efficiency … little impact on trip-level technical efficiency in the study fishery. However, departures from the frontier are markedly bi …

Neoclassical analysis of the labor market and its institutions. A systematic development of the theory of labor supply …