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In this article we continue the examination of top executive pay by comparing performance, total pay and the influence of CEO gender. We analyse compensation differences between male and female CEOs using nonparametric analysis. We calculate the potential compensation for each executive using...
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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/10009421708
Standard economic production theory is the basis for measuring technical efficiency in sports. Using programming or regression models, efficiency is defined as the distance of a given team observation from the technology. In this article, the authors show that the standard measures of efficiency...
Persistent link: https://www.econbiz.de/10009654125
In this article, we develop a methodology to estimate production functions characterized by multiple inputs and multiple outputs. Aggregate output is estimated assuming a piecewise-linear production possibility set and by measuring distance to the boundary using nonparametric techniques. The...
Persistent link: https://www.econbiz.de/10010549631
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
Public sector output provision is influenced not only by discretionary inputs but also by exogenous environmental factors. In this paper, we extended the literature by developing a conditional DEA estimator of allocative efficiency that allows a decomposition of overall cost efficiency into...
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