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Persistent link: https://www.econbiz.de/10005660582
This paper provides an explanation of technical inefficiencies of financial exchanges in Europe as well as an empirical analysis of their existence and extent. A single-stage stochastic cost frontier approach is employed, which generates exchange inefficiency scores based on a unique unbalanced...
Persistent link: https://www.econbiz.de/10005660782
on pollution abatement than domestically owned plants after controlling for productive efficiency and cognisant of the … prevailing regulatory regime. In essence, this study directly estimates the influence of ownership and efficiency characteristics …
Persistent link: https://www.econbiz.de/10005660792
Persistent link: https://www.econbiz.de/10005660990
This paper presenta a general equilibrium model of imperfect competition in which firm efficiency depends on the level … of product market competition. X-efficiency is shown to arise to the extent unions directly affect the level of … employment. A positive relationship is established between total employment and firm efficiency. Employment and output are shown …
Persistent link: https://www.econbiz.de/10005661012
Persistent link: https://www.econbiz.de/10005661197
The paper re-examines the efficiency hypothesis in the foreign exchange market. The traditional efficiency testing … number of propositions regarding the pattern of the coefficients in efficiency testing equations are established. The results …
Persistent link: https://www.econbiz.de/10005661525
We analyse the efficiency of the labour market outcome in a competitive search equilibrium model with endogenous …
Persistent link: https://www.econbiz.de/10005661864
frontier, TFP being the composite effect of efficiency scores and possibility frontier changes. We consider, for the periods …
Persistent link: https://www.econbiz.de/10008483881
Persistent link: https://www.econbiz.de/10008486705