Data Envelopment Analysis (DEA) evaluates the relative efficiency of decision-making units (DMUs) but does not allow for a ranking of the efficient units themselves. A modified version of DEA based upon comparison of efficient DMUs relative to a reference technology spanned by all other units is...

In this paper we examine cross-subsidisation among combined heat and power producers in Denmark. Information on stand-alone costs for heat generation allows us to empirically compare the Faulhaber tests, tests with an upper bound on stand-alone costs (the Palmer tests) and the fully distributed...

The empirical sports economics literature finds that, seemingly inconsistent with rational behavior, sports teams price in the inelastic part of the demand curve. This paper shows that this pricing strategy may in fact be consistent with the rational behavior of a risk averse sports team. To...