This paper investigates the rationale behind interfirm tender offers by examining the returns realized by the stockholders of firms that were the targets of unsuccessful tender offers and firms that have made unsuccessful offers. Our results suggest that the permanent positive revaluation of the...

The dissertation is based on one central notion: the measurement of relative efficiency and productivity. It is in two parts. The applied section is devoted to program evaluation where an approach to discussing policy issues pertaining implementation of compensatory education programs in...