empirical example, we use eBay PlayStation 3 auctions held in 2009. We find that the efficiency loss is over $30 for more than 5 …In this paper, we estimate the inefficiency in online auctions. Online auctions can be inefficient due to the Internet …% of online auctions. Furthermore, we also find the probability of the inefficient online auction is more than 0.25 …

Using a stochastic frontier model and a comprehensive dataset, we study factors that affect corporate efficiency in … efficiency, and (iii) high competition is less conductive to efficiency than moderate or low competition. In terms of ownership …, we find that (iv) efficiency increases when a majority owner must deal with minority shareholders and that (v) domestic …