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This paper specifies an empirical framework for estimating both technical and allocative efficiency, which is applied to a large panel of European banks over the years 1996 to 2003. Our methodology allows for self-consistent measurement of technical and allocative inefficiency, in an effort to...
Persistent link: https://www.econbiz.de/10014217335
This paper specifies an empirical framework for estimating both technical and allocative efficiency, which is applied to a large panel of European banks over the years 1996 to 2003. Our methodology allows for self-consistent measurement of technical and allocative inefficiency, in an effort to...
Persistent link: https://www.econbiz.de/10014080574
Persistent link: https://www.econbiz.de/10013439339
, following the model of Farrell (1957). We propose a theory that explains the distance these empirical papers seek to measure …. The theory is based on the idea that workers can bargain low "effort" (high crew sizes, etc.) if they and the firm have …
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