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Benchmarking methods are widely used in the regulation of firms in network industries working under heterogeneous exogenous environments. In this paper we compare three recently developed estimators, namely conditional DEA (Daraio and Simar, 2005, 2007b), latent class SFA (Orea and Kumbhakar, 2004;...
Persistent link: https://www.econbiz.de/10011483291
Directional distances provide useful, flexible measures of technical efficiency of production units relative to the efficient frontier of the attainable set in input-output space. In addition, the additive nature of directional distances permits negative input or outputs quantities. The choice...
Persistent link: https://www.econbiz.de/10011873826
characterizing the extent of heterogeneity within an industry that is robust with regard to extreme values of a few small firms. It … was found that the level of intra-industry heterogeneity is mainly determined by an industries' average technical …
Persistent link: https://www.econbiz.de/10010513680
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This paper uses a Latent Class Stochastic Frontier Approach to factor out the heterogeneity in the data and to provide … analysis indicates heterogeneity not only among the level of profit and cost efficiency, but also regarding the response of …
Persistent link: https://www.econbiz.de/10009775651
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Over the past years a large number of regional growth theories have been developed and a number of models have been built in an effort to describe, explain and eventually predict regional development trends. However, until a few years ago, the large majority of those models assumed the existence...
Persistent link: https://www.econbiz.de/10011543475
The territorial organisation of economies and societies is undergoing a dramatic change. Globalisation, technological innovation, migration and population ageing make it increasingly difficult to predict the future of regions. Economic change tests the ability of all regions to compete and the...
Persistent link: https://www.econbiz.de/10011506381
This paper estimates the relative technical efficiency of Brazilian municipalities in the public education using the DEA model along with tobit regressions with the aid of re sampling methods. The jackstrap method enabled the estimation of robust efficiency scores, while the bootstrap allowed...
Persistent link: https://www.econbiz.de/10010406322