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The estimation of optimal support boundaries under the monotonicity constraint is relatively unexplored and still in full development. This article examines a new extreme-value based model which provides a valid alternative for completely envelopment frontier models that often super from lack of...
Persistent link: https://www.econbiz.de/10011004725
Persistent link: https://www.econbiz.de/10010257677
How can we measure and compare the relative performance of production units? If input and output variables are one dimensional, then the simplest way is to compute efficiency by calculating and comparing the ratio of output and input for each production unit. This idea is inappropriate though,...
Persistent link: https://www.econbiz.de/10005677885
This paper explores the relationship between firm size distribution and technology. Similarly to Crosato and Ganugi (2006), we focus on six industries from the Micro1 survey by the Italian Statistical National Office (ISTAT). Firm technology is analysed across selected industries by means of a...
Persistent link: https://www.econbiz.de/10005456429
This note provides a useful property of the Allen-Uzawa partials for the translog cost function. It also suggests how the main results extend to any functional form with certain properties. The curvature of the Allen-Uzawa matrix is the same as the curvature of the Hessian matrix. Intuitively...
Persistent link: https://www.econbiz.de/10013317143
A multiproduct cost function is estimated for German higher education institutions using a panel of data from recent years. The use of panel data allows a random parameter stochastic frontier model to be estimated, and this delivers new insights on the extent to which differences in costs...
Persistent link: https://www.econbiz.de/10012730009
A random parameters stochastic frontier model is applied to Italian data in order to evaluate the cost function and efficiency of higher education institutions. The method yields useful information about inter-institutional variation in cost structure and technical efficiency. Returns to scale...
Persistent link: https://www.econbiz.de/10014054961
The Dutch drinking water sector experienced two drastic changes over the last 10 years. Firstly, in 1997, the sector association started with a voluntary benchmarking aimed to increase the efficiency and effectiveness of the sector. Secondly, merger activity arose. This paper develops a tailored...
Persistent link: https://www.econbiz.de/10010325538
The explanation of productivity differentials is very important to identify the economic conditions that create inefficiency and to improve managerial performance. In literature two main approaches have been developed: one-stage approaches and two-stage approaches. Daraio and Simar (2003)...
Persistent link: https://www.econbiz.de/10010328648
The Dutch drinking water sector experienced two drastic changes over the last 10 years. Firstly, in 1997, the sector association started with a voluntary benchmarking aimed to increase the efficiency and effectiveness of the sector. Secondly, merger activity arose. This paper develops a tailored...
Persistent link: https://www.econbiz.de/10011373828