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In a laboratory experiment, we investigate the delegation of real authority in the spirit of the seminal paper by Aghion and Tirole (1997). Agents need to spend effort to identify promising projects, and principals can invest in monitoring to overrule agents with some probability. Based on a...
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Conventional data envelopment analysis (DEA) for measuring the relative efficiency of a set of decision-making units … technical efficiencies, but such methods are unable to calculate the interval scale efficiency. The focus of this paper is the … efficiency. The associated models are essentially nonlinear programs with only bound constraints for variables in a sophisticated …
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In this paper we introduce a simulation framework which we use to numerically evaluate the Hybrid DEA - Second Score Auction. In a procurement setting, the winner of the Hybrid auction by design receives payment at the most equal to the second score auction. It is therefore superior to the...
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This paper examines the multi-dimensional efficiency of the Islamic banking sector and its determinants, including the … frontiers to evaluate the overall efficiency of 79 Islamic banks across 16 countries (2005-2020). In the first-stage analysis …, we found that the Islamic banking sector experienced an increasing trend in its efficiency and performance, even during …
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