We analyze the effects of synergies from horizontal mergers in a Cournot oligopoly where principals provide their … agents with incentives to cut marginal costs prior to choosing output. We stress that synergies come at a cost which possibly … order to reduce her agency costs. Whenever this incentive effect dominates the well-known direct synergy effect, synergies …

We analyze the effects of synergies from horizontal mergers in a Cournot oligopoly where principals provide their … agents with incentives to cut marginal costs prior to choosing output. We stress that synergies come at a cost which possibly … order to reduce her agency costs. Whenever this incentive effect dominates the well-known direct synergy effect, synergies …

transparency) is positively associated with firm-level operational efficiency and access to external financing. Several cross … better-developed capital markets that facilitate capital allocation and production efficiency. Additional analyses using the …

This chapter analyzes the effect of intangible investment on firm efficiency with an emphasis on its software component … technical efficiency in the software intensive manufacturing firms in Turkey for the period 2003-2007. Firms are classified … differentials in their firm efficiency. The results show that the effect of software investment on firm efficiency is larger in high …

In this paper, we conduct a pan-European efficiency analysis to investigate the performance of European railways with a … and, thus, produce railway services with a higher level of efficiency. To determine whether joint or separate production … is more efficient, we apply a Data Envelopment Analysis super-efficiency bootstrapping model which relates the efficiency …

production and, thus, produce railway services on a higher level of efficiency. To determine whether joint or separate production … is more efficient we apply a Data Envelopment Analysis super-efficiency bootstrapping model which relates the efficiency … aufweisen als vertikal separierte Unternehmen. Dazu berechnen wir ein Data Envelopment Analysis super-efficiency bootstrapping …

This chapter analyzes the effect of intangible investment on firm efficiency with an emphasis on its software component … technical efficiency in the software intensive manufacturing firms in Turkey for the period 2003-2007. Firms are classified … differentials in their firm efficiency. The results show that the effect of software investment on firm efficiency is larger in high …

This chapter analyzes the effect of intangible investment on firm efficiency with an emphasis on its software component … technical efficiency in the software intensive manufacturing firms in Turkey for the period 2003-2007. Firms are classified … differentials in their firm efficiency. The results show that the effect of software investment on firm efficiency is larger in high …

the EU that offer superior efficiency than the current, inefficient arrangement. Some policy advice is given to select the …