One key driver of improvement in surgical outcomes is a surgeon’s prior experience. However, research notes that not all experience provides equal value for performance. How then should surgeons accumulate experience to improve quality outcomes? In this paper we investigate the differential...

We examine the association between market structure and cost structure using a national sample of U.S. hospitals. Cost structure determines operating risk; therefore, it is important to understand factors that influence managerial choices on cost structure. Market structure is a potentially...

A major feature of healthcare systems is substantial variation in hospital productivity. Productivity widely varies across NHS hospitals. This research investigates factors that may explain variations in hospital productivity. We employ a non-parametric panel regression technique to explore the...

This study presents the results of an extensive Monte Carlo experiment to compare different methods of efficiency analysis. In addition to traditional parametric-stochastic and nonparametric-deterministic methods recently developed robust nonparametric-stochastic methods are considered. The...

This paper contributes to the productivity literature by using results from firm-level productivity studies to improve forecasts of macro-level productivity growth. The paper employs current research methods on estimating firm-level productivity to build times-series components that capture the...

This study intends to understand how disaster is related to countries' production efficiency using a sample of 137 countries over 1980 - 2011. We analyze the effect of the number of man-made and natural disaster occurrences on countries' technological change (swift of the frontier) and...

This paper will assess the importance of internal firm resources in overcoming sunk entry costs associated with export. When firms are not able to raise additional external funds for investments, they are credit-constrained, and in such a case, new exporters have to rely on their internal...

The recent years have been extremely difficult for banks. Competition has increased and, in addition, last year the global financial market crisis hit the industry, from which many banks did not recover yet. As a consequence, financial institutions are looking for ways to cut costs and to...

Recent work on production functions estimation revealed that substantial biases can be introduced into the estimates when the assumption of perfect competition and price exogeneity is not satis.ed in the data itself. As Klette and Griliches (1996) show applying traditional econometrics in...

We discuss the nonparametric approach to profit efficiency analysis at the firm and industry levels in the absence of complete price information, and propose two new insights. First, choosing one commodity (whose price is known) as a numeraire good enables us to measure profit inefficiency in...