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Chapter 1: Adam Smith (1723-1790) -- Chapter 2: David Ricardo (1772 -1823) -- Chapter 3: Karl Marx (1818-1883).-Chapter 4: Léon Walras (1834-1910) -- Chapter 5: John Maynard Keynes (1883-1946) -- Chapter 6: Joseph Schumpeter (1883-1950) -- Chapter 7: Friedrich Hayek (1899 -1992) -- Chapter 8:...
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Efficiency analysis is an important tool for evaluating firms' performance. This paper introduces a novel approach for measuring technical efficiency (TE) in the case of technologies with multiple outputs which deals with the endogeneity of outputs issue. The proposed approach uses Artificial...
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The output distance function is a key concept in economics. However, its empirical estimation often violates properties dictated by neoclassical production theory. In this paper, we introduce the neural distance function (NDF) which constitutes a global approximation to any arbitrary production...
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