Boussemart, Jean-Philippe; Crainich, David; Leleu, Hervé - IÉSEG School of Management, Université Catholique de Lille - 2012
The paper addresses the decomposition of firms’ profit inefficiency (i.e. the difference between the observed profit and the maximal profit that could have been earned) in a context of output price uncertainty. More precisely, we separate this inefficiency into price expectation error,...