efficiency. In addition, the stochastic frontier model incorporates the more realistic non-neutral shifting production frontier …, as opposed to the commonly assumed Hicks-neutral production technology underlying a production function. …

Recent cross-country comparisons of bank efficiency have been based on pooled estimates of banks across countries and … in certain country-specific aspects of banking technology. This paper argues that such comparisons of performance must … efficiency of banks in each country that operate both within and outside their own environments. The results indicate that …

This paper analyzes technology choices and unemployment in search equilibrium. In contrast to standard search models …, the presence of technology choices makes the decentralized equilibrium inefficient; there is too little investment in …