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This paper proposes an efficiency analysis of the major European incumbent firms in the fixed telecommunications sector …. The non-parametric approach, that has been adopted here, expresses the efficiency according to a directional distance … measure, allowing to consider the different nature of outputs categories, according to their technological content. Efficiency …
Persistent link: https://www.econbiz.de/10010839114
technological factors; comparative efficiency of alternative market, contract, internal, and hybrid modes of governance; farm as a … readiness to implement EU CAP. Third, pace of evolution, and "high" efficiency and sustainability of dominating agro … kind commercial farms are identified, and their comparative efficiency assessed. Fifth, feasible pace of CAP implementation …
Persistent link: https://www.econbiz.de/10014053222
efficiency of dominant governing forms on the eve of EU accession, and assesses the likely impact of CAP implementation on … farming structures. Firstly, assessment is made on the comparative efficiency, complementarily, and sustainability of major …
Persistent link: https://www.econbiz.de/10014058177
Within most organizations, agents may spend time on a variety of tasks, productive and redistributive. In this paper, I derive an optimal multi-task incentive scheme under the realistic assumption that agents have limited liability. The wage level is shown to increase with an agent's discretion...
Persistent link: https://www.econbiz.de/10014069169
Within most organizations, agents may spend time on a variety of tasks, productive and redistributive. In this paper, I derive an optimal multi-task incentive scheme under the realistic assumption that agents have limited liability. The wage level is shown to increase with an agent's discretion...
Persistent link: https://www.econbiz.de/10014071618
hence, drives the efficiency of ex ante non-contractible actions. This paper complements this analysis by considering what …
Persistent link: https://www.econbiz.de/10014071960
2395 listed companies in China from 2007 to 2020, we examine the investment efficiency of this ownership practice on … relationship with corporate investment efficiency by reducing overinvestment. Further institutional heterogeneity analysis reveals … effect of common institutional ownership on enterprises' investment efficiency is stronger. The empirical results are …
Persistent link: https://www.econbiz.de/10014383545
services on a higher level of efficiency. To determine whether joint or separate production is more efficient we apply an … innovative Data Envelopment Analysis super-efficiency bootstrapping model which relates the efficiency for integrated production …
Persistent link: https://www.econbiz.de/10008514738
[EN] Stewart (1994) presents a model of endogenous entry. In his article Stewart proposes the following topic for future research: "An important feature of the model is that entry would be inefficient from the producers' point of view, and therefore never occurs in equilibrium. But in practice...
Persistent link: https://www.econbiz.de/10005187598
We examine vertical backward integration in oligopoly. Analysing a standard linear Cournot model, we find that for wide parameter ranges (i) some firms integrate, while others remain separated, and (ii) efficient firms are more likely to integrate vertically. Adopting a reduced-form approach, we...
Persistent link: https://www.econbiz.de/10005504590