This paper evaluates the efficiency of the twenty-one largest Syndicates of Lloyd's of London. Members of Lloyd's of … 2004 and 2011. Data Envelopment Analysis (DEA) and Stochastic Frontier Analysis (SFA) are used to estimate the efficiency …, that the average annual efficiency estimates for all Syndicates are plausible and they follow three-year cycles. Secondly …

We propose a measure of well-being efficiency to assess countries' ability to transform inputs into subjective well … sample of 126 countries. Efficiency scores reveal that high ranking subjective well-being countries, such as the Nordics, are … not strictly the most efficient ones. Also, the scores are uncorrelated with economic efficiency. This means that the …

study the trade-off between efficiency (proxied by real GDP per capita and TFP) and equity (proxied by the labour share of …