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Data Envelopment Analysis (DEA) based cost norms have attractive properties in the regulation of natural monopolies … that the regulation will induce socially optimal output levels. In this paper, we analytically and numerically examine the … that the eight-year catch-up period allowed in this regulation gives strong incentives to reduce costs since the firms can …
Persistent link: https://www.econbiz.de/10012514429
Benchmarking methods are widely used in the regulation of firms in network industries working under heterogeneous …
Persistent link: https://www.econbiz.de/10011483291
other factors, such as the political agenda and the historical context of the regulation. This sometimes results in some … regulation of the Danish water sector. More specifically, we look at the characteristics of the method the regulator uses to take …
Persistent link: https://www.econbiz.de/10012183185
Since the introduction of bootstrap DEA there is a growing literature on applications which use this method, mainly for hypothesis testing. It is therefore important to establish the consistency and evaluate the performance of bootstrap DEA. The few Monte Carlo experiments in the literature...
Persistent link: https://www.econbiz.de/10009583702
Bootstrapping non-parametric models is a fairly complicated exercise which is associated with implicit assumptions or requirements that are not always obvious to the non-expert user. Bootstrap DEA is a significant development of the past decade; however, some of its assumptions and properties are...
Persistent link: https://www.econbiz.de/10009583705
The standard indicators used to compare cross-country innovation are in the Global Competitiveness Report (GCR). But there are problems with aggregation and response bias with these largely self-reported measures (Hollanders and van Cruysen, 2008). We propose a theory-based metric using Data...
Persistent link: https://www.econbiz.de/10010211754
performance of a unique sample of 103 knowledge-intensive business service (KIBS) firms from Hungary, Spain, Colombia, and Costa …
Persistent link: https://www.econbiz.de/10012297864
This paper reviews the most recent empirical literature that assesses efficiency in higher education. We analyze 76 studies ranging from 1997 to 2018 and classify them according to the methodologies applied and to the definitions used to describe the outputs, inputs, quality and the context...
Persistent link: https://www.econbiz.de/10012146695
-medoids and performance measurement. The research used 89 Mongolian companies' financial statements from 2012 to 2015 - obtained …
Persistent link: https://www.econbiz.de/10012176120
Persistent link: https://www.econbiz.de/10002570353