Economists have long studied the efficiency of firms, industries, and entire economies. This volume brings together … leading scholars to make connections between efficiency and a number of diverse areas of current interest to economists …, including an examination of the efficiency of tax systems across generations that overlap, and the efficiency of firm mergers …

measurement of efficiency, productivity, growth and performance. These concepts are commonly measured residually and difficult to … quantify in practice. In real-life applications, efficiency and productivity estimates are often quite sensitive to the models …