In this paper, we suggest that inefficiency may be an indirect, on-the-job compensation to
agents in an organization. We show how to use actual production data to reveal the trade …

This paper analyses the mechanisms through which binding finance constraints can induce
debt-constrained firms to improve technical efficiency to guarantee positive profits. This …

The purpose of this paper is to evaluate the efficiency of the East German economy at the
firm level using an unbalanced panel over the transition period 1994 to 1998. We adopt a …

In 1979, when Margaret Thatcher came to power, publicly owned companies produced
roughly 12 percent of UK gross domestic product (GDP). By the time of the election of the …

A philosophical problem for studies of inefficiency of firms is how to rationalise inefficiency.
Since economics do not have any theory for inefficiency, explaining the results of efficiency …

In this paper we consider staffing decisions in branches of a large Canadian bank. The bank
has well-developed staffing models and the branches work in highly competitive …

Collateral-generally defined as an asset used to provide security for a lender's loan-is an
important feature of credit contracts and all the available evidence suggests that its use is …

This paper investigates the determinants of the between component of aggregate
productivity growth, which gauges the productivity-enhancing part of plant-level …

This contribution surveys the existing economic literature measuring congestion using
nonparametric specifications of technologies. The focus is on the magnitude and especially …

This contribution introduces a novel methodology for studying the divisibility of inputs and
outputs within production possibility sets and their boundaries. The aim is to establish an …