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the empirical context. Intervening on the data is an easy-to-use, intuitive approach for addressing economic efficiency …
Persistent link: https://www.econbiz.de/10012922211
use existing information. Our results imply that credit scores improve the efficiency and decentralize decision-making in …
Persistent link: https://www.econbiz.de/10013063295
arrangements on productive efficiency in medical group practices. The technique employed is two-stage production frontier … estimation. This technique provides direct estimates of productive efficiency and allows for differences across agents in ability … or responsiveness to financial incentives. In the frontier literature productive efficiency is assumed to be exogenously …
Persistent link: https://www.econbiz.de/10013224695
In a recent article in this Journal, Robin Boadway has argued that the appropriate requirement for neutrality is that the present value of the returns from an initial investment of [1pound], using the social discount rate, should be equal for all projects undertaken at the margin. We have few...
Persistent link: https://www.econbiz.de/10013231001