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Based on the seminal paper of Farrell (1957), researchers have developed several methods for measuring e fficiency. Nowadays, the most prominent representatives are nonparametric data envelopment analysis (DEA) and parametric stochastic frontier analysis (SFA), both introduced in the late 1970s....
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bottom, or both. In this paper we test the effectiveness and efficiency of these incentive schemes. To do so, we utilize … optimal contracts in a principal-agent setting, using a Lazear-Rosen type model that predicts equal effort and efficiency …
Persistent link: https://www.econbiz.de/10010340563
literature we apply optimization methods to endogenously determine optimal directions for the efficiency analysis. These …
Persistent link: https://www.econbiz.de/10010344619
Given the ambiguous empirical results of previous research, this paper tests whether support for a climate policy induced pollution haven effect and the pollution haven hypothesis can be found. Unlike the majority of previous studies, the analysis is based on international panel data and...
Persistent link: https://www.econbiz.de/10010489296
We develop a quantitative framework in which income inequality arises endogenously in response to productivity shocks. The framework accommodates sectoral inputoutput linkages, arbitrary elasticities of factors and intermediates, and heterogeneous workers that endogenously choose to supply their...
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