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Persistent link: https://www.econbiz.de/10012989303
In this paper, we use a comprehensive and unique data set of financial, technical and structural characteristics of German distribution network operators from 2011 to 2017 to estimate both the transient and persistent cost efficiency of German distribution network operators. In addition, we...
Persistent link: https://www.econbiz.de/10012423420
Results from frontier analysis show that German investment management companies are far from being cost e fficient. The average investment management company may be able to reduce its costs by 48% to 75% when compared with the best-practice company in the sample. The level of e fficiency even...
Persistent link: https://www.econbiz.de/10013044800
In recent years the economic performance of public non-profit sectors such as cultural services has become an interesting economic issue. This is due to the high dependence of cultural institutions on public funding on the one hand and the increasing cost-pressure on public budgets on the other...
Persistent link: https://www.econbiz.de/10003872556
Germany's most densely populated region, North Rhine-Westphalia. We merge them into geographically meaningful, larger units …
Persistent link: https://www.econbiz.de/10014206812
different estimation techniques that have been tackling the endogeneity issues concerning the simultaneity, the omitted output …
Persistent link: https://www.econbiz.de/10010496909
How costly is the misallocation of production that we might expect to result from distortions such as market power, incomplete contracts, taxes, regulations, or corruption? This paper develops new tools for the study of misallocation that place minimal assumptions on firms' underlying...
Persistent link: https://www.econbiz.de/10014292143
How costly is the misallocation of production that we might expect to result from distortions such as market power, incomplete contracts, taxes, regulations, or corruption? This paper develops new tools for the study of misallocation that place minimal assumptions on firms’ underlying...
Persistent link: https://www.econbiz.de/10014347985
We advance the proxy variable approach to production function estimation. We show that the invertibility assumption at … rethinking how the estimation procedure is implemented either eliminates or mitigates the bias that arises if invertibility fails … rendering the asymptotic distribution of the GMM estimator in the second step of the estimation procedure invariant to …
Persistent link: https://www.econbiz.de/10015421890