We use a Monte Carlo experiment to compare the quadratic and translog functional forms in terms of their ability to approximate known frontiers that possess convex curvature. Unlike some of the existing simulation studies that have studied this topic, we find that both functional forms provide a...

This paper offers an approach based on the economic theory of index numbers that revisits the classical surplus accounting technique. We measure the productivity gains and the combined effects of output and input price variation on French farmers’ income between 1959 and 2011, for the whole...

To explain the surge of the TARGET2-related claims of the Bundesbank on the Eurosystem, the usual narrative tells that there are huge deposit flights out of the euro zone’s distressed countries’ banks, and that the withdrew funds are being reinvested on deposit accounts in German banks....

This paper critically reviews the European Commission’s proposed Directive on future rules concerning actions for damages for competition law infringements under national law. It is argued that the proposal underestimates the importance of loss of profits induced by increased prices and does...

This contribution compares existing and newly developed techniques for geometrically representing mean-variance-skewness portfolio frontiers based on the rather widely adapted methodology of polynomial goal programming (PGP) on the one hand and the more recent approach based on the shortage...

La BCE a réagi aux étapes successives de la crise financière en diminuant très fortement les taux auxquels elle prête des liquidités aux banques en grandes quantités. Cette politique a a permis aux banques d’absorber plus facilement les pertes qu’elles ont subi sur leurs actifs, mais...

Livestock supply must challenge the growth of final demand in the developing countries. This challenge has to take into account its ecological effects since the dairy and livestock sectors are clearly pointed out as human activities which contribute significantly to environmental deterioration....

Grâce aux avancées méthodologiques sur la prise en compte des outputs indésirables dans la modélisation des technologies de production, cet article permet d’évaluer l’éco-efficience de 51 exploitations laitières de La Réunion selon le point de vue de trois acteurs : l’éleveur, la...