In this paper we estimate the total factor productivity of UK airports using a Malmquist index. Productivity change is factored into an index of efficiency change and an index of technological change. Technological change is further decomposed into indexes that measure the bias in the production...

A substantial literature indicates that the public school system in the United States is inefficient. Some have posited that this inefficiency arises from a lack of competition in the education market. On the other hand, the Tiebout hypothesis suggests that public schools may already face...

Written in a way that facilitates understanding of sometimes difficult concepts and laws, this book discusses the demographic transition and the escape from the Malthusian trap. It also covers the environmental Kuznets curve hypothesis that examines the relation between polluting outputs and...

If a market is perfectly contestable, incumbent firms in even highly concentrated markets will produce a level of output consistent with a welfare maximum. Alternatively, if a market is imperfectly contestable, the conduct of incumbent firms will be influenced by the degree of actual and...

The turbulent real estate market during the early 1990's coincided with the implementation of risk-based capital standards for commercial banks. In this study we use nonparametric linear programming techniques to identify the lost real estate lending due to bank inefficiency. Inefficiency may...

We apply recent advances in time substitution modeling to examine the environmental performance of firms in Sweden's pulp and paper industry for the years 2002-2008. Our data allow us to estimate the optimal reallocation of environmental investments, expenditures and energy use to simultaneously...

Estimates from a directional output distance function are used to construct a risk/return frontier that defines the best-practice management technology for Real Estate Investment Trusts (REITs). We model REIT performance as a production process in which each REIT produces a desirable output...