substantial measurement error. In this paper, we examine the magnitude and direction of this error in cost and profit efficiency …Most bank efficiency studies that use stochastic frontier analysis (SFA) employ each bank’s own implicit input price … when estimating efficient frontiers. But the theoretical foundation of most studies is a cost minimisation and/ or profit …

substantial measurement error. In this paper, we examine the magnitude and direction of this error in cost and profit efficiency …Most bank efficiency studies that use stochastic frontier analysis (SFA) employ each bank's own implicit input price … when estimating efficient frontiers. But the theoretical foundation of most studies is a cost minimisation and/ or profit …

Empirical work on price-cost margins often treats costs as exogenous. Allowing for endogenous costs when estimating … price-cost margins is the topic of this paper. Methodologically, the endogenous cost model we propose leads to an additional … equation that allows for the simultaneity in price setting in the product and the input market (labor in our case). In other …

Empirical work on price-cost margins often treats costs as exogenous. Allowing for endogenous costs when estimating … price-cost margins is the topic of this paper. Methodologically, the endogenous cost model we propose leads to an additional … equation that allows for the simultaneity in price setting in the product and the input market (labor in our case). In other …