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Technology and Economic Growth
Technology has a general and a specific meaning. Solow (1957) used the specific concept of technology as a shift of the production frontier or the...
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Variations of the Welfare State: Great Britain, Sweden, France and Germany between Capitalism and Socialism
Even as comparative international research in social science has become increasingly important over the last three decades, especially in political...
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Sustainable markets with short sales
Market objectives can conflict with long-term goals. Behind the conflict is the impatience axiom introduced by T. Koopmans to describe choices over...
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Is the tax administration just a money machine? Empirical evidence on redistributive politics
Personal income tax represents the main source of tax revenue in any developed country. In this paper, we analyse how efficiently this tax is...
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Cost economies, efficiency and productivity growth in the Chinese banking industry: evidence from a quarterly panel dataset
This article examines cost economies, productivity growth and cost efficiency of the Chinese banks using a unique panel dataset that identifies...
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Benchmarking and firm heterogeneity: a latent class analysis for German electricity distribution companies
In January 2009, the German Federal Network Agency introduced incentive regulation for the electricity distribution sector based on results obtained...
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Methodology: Frontier Efficiency Measurement Techniques
For the measurement of the technical or economic efficiency of decision-making units (DMUs; e.g. schools, hospitals, waste disposal companies, local...
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Panel Data Analysis of Japanese Residential Water Demand Using a Discrete/Continuous Choice Approach
Block rate pricing is often applied to income taxation, telecommunication services, and brand marketing, in addition to its best-known application in...
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Temporal variations in technical efficiency: evidence from German soccer
This paper applies stochastic production frontier models with time-varying technical efficiency to a panel data set including hitherto unavailable...
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Exports and Productivity Selection Effects for Dutch Firms
The paper tests whether recent theories of international trade with heterogeneous firms can explain the export patterns in Dutch firm- and plant-...
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Empirical evidence on the operational efficiency of National Oil Companies
On the basis of application of both data envelopment analysis and stochastic frontier estimation applied to a panel of 78 firms, we present empirical...
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The efficacy of the Egyptian bank reform plan in mitigating the impact of the global financial crisis
This study tests the ability of the Egyptian Bank Reform Plan (2004–2009) to enhance bank efficiency and attain the prime national macroeconomic...
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A Strategic Asset Allocation Methodology Using Variable Time Horizon
Strategic asset allocation is usually the single most important decision that determines the total return performance of a portfolio. This decision...
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Hidden Risks in Mean-Variance Optimization: An Integrated-Risk Asset Allocation Proposal
The traditional mean—variance asset allocation approach (Markowitz 1952) considers the volatility of returns as the only risk factor. However,...
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Strategic Asset Allocation and Portfolio Construction for Sovereign Wealth Managers
Increasing numbers of nations are facing a new challenge in managing significant accumulations of national wealth. The amount of external reserves...
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Applications to German Local Governments
In this chapter some of the methods derived in chapter 2 will be employed to investigate different aspects of the (cost) efficiency of local...
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Is a little sunshine all we need? On the impact of sunshine regulation on profits, productivity and prices in the Dutch drinking water sector
This paper analyzes the performance of Dutch drinking water utilities before and after the introduction of sunshine regulation, which involves...
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Firm Location Choice in Cities: Evidence from China and India
It is well known that the economies of China and India have performed remarkably well recently. To some extent, the growth of the global economy is...
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The effects of match uncertainty and bargaining on labor market outcomes: evidence from firm and worker specific estimates
In this paper we examine wage dispersion in labor markets across currently employed workers. We argue that differences in the potential productivity...