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This article suggests that the global inefficiency which generally affects a production process is endogenous and depends on the incentives generated by the process environment. We propose to treat the usual correlation between the inefficiency and the regressors of the production frontier...
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We study in this paper how the technological flexibility choices and equilibrium configurations depend first on the industry characteristics (demand function and cost parameters specific to the multiproduct flexible technology and to the product dedicated technologies) and, second, on the...
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Rationalization of U.S. freight railroads following the Staggers Rail Act of 1980 had led to lower real rates for many agricultural and industrial shippers, but has also been accompanied by increasing industry concentration and (more recently) merger-related service disruptions. This has led...
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