Production frontiers for the manufacturing sector are estimated to determine a “country specific” catching-up process of Total Factor Productivity (TFP).TFP gains are gauged at the manufacturing industry level for 14 OECD countries over the 1970-2001 period. Our TFP measure does not assume...

This empirical application investigates the eventual presence of credit constraints using a panel of French farmers. This is the first European application using a direct modelling approach based upon axiomatic production theory. The credit constrained profit maximisation model proposed by...

We focus on a simple framework on wheat producer behaviour in a context of price output uncertainty. More precisely, we establish a relationship between ex post output price level and allocative inefficiency that allows to characterize farmers’ risk preferences. Given this analysis, the...

[fre] Une« fonction de production d'ingénieur », qui fait appel à la fois à un simulateur de croissance de plantes et à de la programmation linéaire sous contrainte de risque, est utilisée pour analyser les conséquences de la réforme « Me Sharry » sur les revenus et sur...

[eng] The purpose of this study is to analyze the prospects for the transformation of the French banking sector by evaluating the relation between excess capacity and production cost observed in the beginning of the nine teen's. The excess capacity of French banks made the services they provide...

Successive CAP reforms have increased the exposure of European agriculture to market forces. As a result, farmers have become preoccupied with their competitiveness and have progressively adopted best practices. However, these longrun technological adjustments could be slowed down by eventual...

This contribution proposes a specification of strictly increasing and decreasing returns to scale in multi-output technologies. Along this line a notion of [alpha]-returns to scale is derived from that of homogeneous multi-output technology. For a large class of technologies we establish...