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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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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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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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function with a timevariable stochastic efficiency term we show that positive scale and scope effects from a merger arise only … efficiency as the acquiring firms. For the post-merger phase, our empirical results provide no evidence for efficiency gains from …
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The main subject of theoretical-empirical study presented in this paper is economic efficiency of companies listed on … essence and assessment measures of companies' economic efficiency. The second part presents the results of a comparative … empirical research on economic efficiency of the companies listed on the Warsaw Stock Exchange and included in the WIG30 index …
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