We develop a novel unified econometric methodology for the formal examination of the market power -- cost efficiency … nexus. Our approach can meaningfully accommodate a mutually dependent relationship between the firm's cost efficiency and …'s market power and efficiency as well as allows for different hierarchical orderings between the two, enabling us to …

Technology-based ("FinTech") lenders increased their market share of U.S. mortgage lending from 2 percent to 8 percent … suggest that technological innovation has improved the efficiency of financial intermediation in the U.S. mortgage market. …

This paper offers a methodology to address the endogeneity of inputs in the directional technology distance function … (DTDF) based formulation of banking technology which explicitly accommodates the presence of undesirable nonperforming loans … technology is likely to suffer from the endogeneity of inputs, we propose addressing this problem by considering a system …

technology shocks in explaining aggregate fluctuations. To this end we estimate the model's posterior density using Markov …

Production capital and technology, fundamental to understanding output and productivity growth, are unobserved except … of capital and technology for the sample period. We apply the method to annual data from 1947-97 for U.S. total …