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This paper demonstrates how Goal Programming/Constrained Regression can be used for cross-checking results from standard econometric models as well as a stand alone methodology in empirical production analysis. For illustration, we re-examine Berndt and Wood's (BW) seminal study of the U.S....
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in the efficiency and productivity of U.S. banks between 1985 and 2004. We find that larger banks experienced larger … efficiency and productivity gains than small banks, consistent with the presumption that recent changes in regulation and …
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document dramatic distortions in banks' efficiency, productivity growth and scale elasticity estimates when the endogeneity of …
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The paper examines efficiency, productivity and scale economies in the U.S. property-liability insurance industry …. Productivity change is analyzed using Malmquist indices, and efficiency is estimated using data envelopment analysis (DEA). The … significant gains in total factor productivity, and there is an upward trend in scale and allocative efficiency. More diversified …
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