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The Ohio Supreme Court recently ruled that Ohio's elementary and secondary public school financing system violates the state's constitution. It was estimated that an additional $1 billion is necessary to overhaul the current system. These costs are based on a report that defined the base cost of...
Persistent link: https://www.econbiz.de/10005044608
It is well known in the Data Envelopment Analysis literature that proper variable selection is necessary for the reliable measurement of efficiency. Omitting production relevant variables and/or including irrelevant variables will lead to biased measurement. It is also known that the sample size...
Persistent link: https://www.econbiz.de/10005033368
Recent analyses of baseball managers' performances have employed the so-called 'Pythagorean Theorem' of baseball. This 'theorem' states that the ratio of wins to losses can be approximated by the square of the ratio of team runs scored to opposition runs scored. Recent publications assume this...
Persistent link: https://www.econbiz.de/10005443244
Most recent empirical analyses of production in the sports economic literature have focused on Major League Baseball. This paper extends that literature by analysing football production in the National Football League (NFL). Using the Poisson regression model, we measure the performance of NFL...
Persistent link: https://www.econbiz.de/10005694707
In this paper we develop a Malmquist productivity index for public sector production characterized by the influence of environmental variables. We extend Johnson and Ruggiero (2011) to the more general case of variable returns to scale to further decompose the Malmquist productivity index into...
Persistent link: https://www.econbiz.de/10010738146
The variable returns to scale data envelopment analysis (DEA) model is developed with a maintained hypothesis of convexity in input–output space. This hypothesis is not consistent with standard microeconomic production theory that posits an S-shape for the production frontier, i.e. for...
Persistent link: https://www.econbiz.de/10010744224
In this paper, we apply a public sector Data Envelopment Analysis model to estimate the efficiency of Australian primary and secondary schools. Standard microeconomic production theory showing the transformation of inputs into outputs is extended to allow nondiscretionary environmental variables...
Persistent link: https://www.econbiz.de/10010744355
Regression and linear programming provide the basis for popular techniques for estimating technical efficiency. Regression-based approaches are typically parametric and can be both deterministic or stochastic where the later allows for measurement error. In contrast, linear programming models...
Persistent link: https://www.econbiz.de/10008865091
In the nonparametric measurement of allocative efficiency, output prices are fixed. If prices are endogenous, the overall output in the market determines the allocative efficient point. We develop an alternative semi-nonparametric model that allows prices to be endogenously determined.
Persistent link: https://www.econbiz.de/10008866863
Nationwide, most public school teachers are paid according to a uniform salary schedule determined by their school or district. While this precludes variation in salaries over teachers of identical qualifications within a school, there is variation across schools in the parameters of the salary...
Persistent link: https://www.econbiz.de/10011163306