This paper evaluates the efficiency of the twenty-one largest Syndicates of Lloyd's of London. Members of Lloyd's of … 2004 and 2011. Data Envelopment Analysis (DEA) and Stochastic Frontier Analysis (SFA) are used to estimate the efficiency …, that the average annual efficiency estimates for all Syndicates are plausible and they follow three-year cycles. Secondly …

panel are employed to obtain measures of efficiency for those journals belonging simultaneously to the areas of “economics …” and “social science, mathematical methods” in the Web of Science database. This efficiency is measured in terms of the …

background of two concepts of performance evaluation – the terms efficiency and productivity, and empirically, the performance … evaluation of banks, i.e., the measurement of the productivity and research results of previous authors’ studies of the European … financial institutions. The measurement of bank productivity is of vital importance from both a microeconomic and a …

evaluate the efficiency of observed production decisions. For cost inefficient behavior, we propose a measure to quantify the …

applied in incentive regulation practice, where the assessment of efficiency plays a major role in regulation design and … and SFA efficiency scores, have certain practical merits and might offer an useful alternative to strict reliance on a …, but can also improve the precision of efficiency estimation. Based on our results, we give recommendations for the …

institutions are looking for ways to cut costs and to increase their efficiency in production. This paper proposes a new … efficiency are applied, whereas each is analysed by a distinct DEA approach. The results document not only the existence of …

efficiency and productivity measurement in insurance …The objective of this paper is to discuss the use of modern frontier efficiency analysis to analyze firm performance in … research to incorporate the frontier efficiency approach. The chapter also serves as a guide for those who are already …

In this study, we address a major problem in the measurement of firm performance and the regulation of natural …

. Previous studies of efficiency of the English and Welsh water and sewerage industry take a static framework, assuming all … inputs can be adjusted instantaneously. This paper measures efficiency dynamically by incorporating intertemporal links of …

efficiency scores derived from stochastic frontier analysis. To correct for this heterogeneity in coefficients, I propose a …. This estimation has better goodness of fit, reduced variance of all coefficients, and higher efficiency scores for nearly …