This article analyses individual decisions regarding participation in two leisure activities: sports and culture. Using data from the 2002–2003 Spanish Time Use Survey (TUS), information was collected on the number of times an individual participated in sports and attended cultural events in...

We consider a mixed duopoly with a private firm, domestic or foreign-owned, competing with a public firm. We analyze the extent to which opening policy is affected by lobbying efforts and rent-seeking behaviors. We obtain the counterintuitive result that corruption may improve social welfare...

We analyze the nexus of privatization policy and market concentration ratio in a mixed oligopoly where one public enterprise competes against n private firms with asymmetric costs. It is shown that the nexus of privatization policy and market concentration ratio is highly sensitive to the...

This paper identifies the unique strategic issues of cross-border mergers in a mixed oligopoly showing that the presence of a welfare maximizing public firm increases the incentive for such mergers. The well-known merger paradox that two-firm mergers are rarely profitable is substantially...

In this paper, in contrast to much of the existing literature dealing with the impact of information and communication technologies (ICTs) on labour productivity, we assess the relationship between ICT investments and technical efficiency (TE) using a stochastic frontier approach. We utilize a...

In this paper we derive an alternative measure for structural unemployment using a stochastic frontier analysis. This measure, by empirical design, is always less than total unemployment and it is, thus, more consistent with the theoretical description of structural unemployment than its usual...

This paper aims to analyse the effects of institution quality on technology catch-up in five North African countries (Algeria, Egypt, Morocco, Sudan and Tunisia) compared to 3 groups of developing and emerging countries (Sub Saharan Africa, Asia, and Latin America) over the period 1970–2005....

This paper establishes a new metafrontier directional technology distance function (MDDF) under a stochastic framework, rather than a deterministic setting like the one proposed by Battese et al. (2004). The new MDDF allows for calculating comparable technical efficiencies for banks under...

This paper investigates the consistency of efficiency scores obtained from the stochastic frontier analysis and data envelopment analysis methods. We estimate cost efficiency and economies of scale based on an unbalanced panel data set of Chinese banks over the period 1994 to 2007. The results...

This paper examines the production decision of the competitive firm under uncertainty when the firm is not only risk averse but also regret averse. Regret-averse preferences are characterized by a modified utility function that includes disutility from having chosen ex-post suboptimal...