Two important policy goals in intergenerational problems are Pareto-efficiency and sustainability, i ….e. intergenerational equity. We demonstrate that the pursuit of these goals is subject to an intergenerational equity-efficiency trade …-making faces a fundamental trade-off between ex-post Pareto-efficiency and sustainability. That is, one can achieve either one of …

We analyze the stability of efficiency rankings of German universal banks between 1993 and 2004. First, we estimate … traditional efficiency scores with stochastic cost and alternative profit frontier analysis. Then, we explicitly allow for … different risk preferences and measure efficiency with a structural model based on utility maximization. Using the almost ideal …

the inter-temporal relationships among bank efficiency, capital and bank risk-taking in the EU-26 commercial banking …, our paper provides evidence that higher performance (enhanced efficiency) has been not related to higher managerial skills …

efficiency of commercial banks. Risk that leads to an undesirable output, and which is viewed as originating due to exogenous and …-making unit under efficiency evaluation. Thus, this non-discretionary DEA variable is both internal and external. The four …-stage DEA is performed to measure risk efficiency and multiplicatively decompose it into exogenous and endogenous risk …

We analyze the stability of efficiency rankings of German universal banks between …