This article evaluates quantitatively the welfare effects and their distribution among key stakeholders of Mali's brief water privatisation experience. To do so, we estimate economic worth generation and its drivers from a new use of indicator duality and production theory. We find that: (i)...

Since engineering information is rarely available, standard practice is to benchmark managerial performance against best observed practice. We exploit a rare opportunity to benchmark managerial performance against engineering standards. Our managerial performance describes the activities of...

Purpose Large attention surrounds identifying the meaningful blockchain business model on financial services, while a little focus about non-financial organizations and solutions in terms of how the blockchain business model can affect the organization and bring more value. To address the...

Over the last twenty years, the Spanish banking industry has been deeply reshaped in several respects. One of the features that has allowed for it has been the geographic expansion of most savings banks, which could not enter other markets different from their natural market before 1989. Since...

There is a large literature on the existence of agglomeration economies, as shown in the surveys by Moomaw (1983) or Gerking (1993). The benefits of these economies arise from multiple sources, but some negative externalities might also emerge. Within the hierarchical urban system, cities at...

After the financial crisis of 2007-2008, some bank performance dimensions have been the subject of debate, two of which are bank efficiency and bank risk-taking behavior. The literature on bank efficiency and productivity has grown considerably over the past three decades, and has gained...

We analyse overall cost efficiency in Spanish local governments during the crisis period (2008-2015). To this end, we first consider some of the most popular nonparametric methods to evaluate local government efficiency, data envelopment analysis and free disposal hull, as well as recent...