This study computes and analyzes the total-factor energy efficiency (TFEE) of 11 industries in 14 developed countries during the period of 1995-2005 using the data envelopment analysis (DEA) approach. There are four inputs: labor, capital stock, intermediate inputs other than energy, and energy....

Environmental protection plans cannot succeed without full cooperation among related units. However, inconsistent investment preferences toward environmental protection increase the damage to the environment. This article employs the contract mechanism to analyse environmental protection effects...

Tariff is a trade measure with both of the trade and environmental effects. This article analyzes the interaction between the tariff rate and the short and long run environmental qualities of imperfectly substitutive imported goods. In the first part, we analyze the effect of changing the tariff...

The existing literature shows that a decrease in the degree of substitutability increases a monopoly’s incentive to bundle. This paper in addition takes into account competition in the second product market and then re-examines how intra-brand and inter-brand product differentiations affect...

This paper investigates the non-monotonic and non-linear effect of diversification on mutual fund performance. We apply a frontier-based efficiency measure, the stochastic frontier approach, to estimate fund efficiency and the benefit of diversification. The empirical results indicate that...