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characterizing the extent of heterogeneity within an industry that is robust with regard to extreme values of a few small firms. It … was found that the level of intra-industry heterogeneity is mainly determined by an industries' average technical …
Persistent link: https://www.econbiz.de/10010513680
that has only partially been answered. This paper argues that heterogeneity among universities as well as persistent … heterogeneity distorts the estimation results towards lower efficiency values. The newly introduced specification improves the … accuracy of the heterogeneity assumption and exposes that inefficiency tends to be long term and persistent rather than short …
Persistent link: https://www.econbiz.de/10011541292
Since the late 1990s, the European higher education system has had to face deep structural changes. With the public authorities seeking to create an environment of quasi-markets in the higher education sector, the increased competition induced by recent reforms has pushed all publicly financed...
Persistent link: https://www.econbiz.de/10010466714
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Accounting for network operators' heterogeneity is of crucial importance for regulators. In contrast to observed … heterogeneity, the consideration of unobserved differences is far more challenging. Most estimation models try to account for …, efficiency estimates may be biased as technological heterogeneity is misunderstood as inefficiency. To overcome this …
Persistent link: https://www.econbiz.de/10012628860
This paper investigates the size-efficiency relation of European cooperative banks during the 2006-2015 period. We employ the Stochastic Frontier Analysis in order to obtain inefficiency estimates and its determinants on the set of 183 cooperative banks from 12 European countries. This work...
Persistent link: https://www.econbiz.de/10011901962
An ongoing debate in the literature on efficiency of higher education institutions concerns the indicator for research output in the empirical analysis. While several studies chose to use the number of publications, others rely on the overall amount of research grants. The present study...
Persistent link: https://www.econbiz.de/10011853185
unobserved institution specific heterogeneity. While the first term reflects the efficiency of the individual universities …
Persistent link: https://www.econbiz.de/10011729394