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Typically, the error term in stochastic frontier models is assumed to be positively skewed; however, efficiency scores … all model parameters and efficiency scores can be estimated consistently regardless of positive or negative inefficiency …
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states generates long run efficiency gains, which counterbalance the short run efficiency losses caused by work disincentives …
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The effects of extreme weather events, such as heat waves and droughts, are taken into account in both global and European policies. Accordingly, the protection of critical infrastructures and in particular, the resilience of the energy sector was the subject of intense research. There are...
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Wage Dispersion and Efficiency. It is often assumed that markets generate efficient allocations, but these are not … compensating differentials will increase both efficiency and fairness, quite in line with the classical position taken by Adam …
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there is a tradeoff as to efficiency and inequality with respect to services that are contracted to private companies in a …
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