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A data envelopment analysis (DEA) is presented to assess evolutions of firm efficiency and financial performance in … financial output. The financial performance of a firm is indicated by its efficiency, calculated by an input-oriented variable …
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This paper builds coordination costs, transaction costs, and other aspects of the theory of the firm into a production chain model with an infinite number of ex ante identical producers. The equilibrium determines prices, allocations of productive tasks across firms, firm sizes, and the number...
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