When benchmarking production units by non-parametric methods like data envelopment analysis (DEA), an assumption has to be made about the returns to scale of the underlying technology. Moreover, it is often also relevant to compare the frontiers across samples of producers. Until now, no exact...

We are concerned with sectoral effects of an increase in the endowment of an input factor which is specific to a single industry. Such effects have come to be known in the literature as 'Dutch Disease'. We look into related supply-side aspects which appear to be significant if seen from the...

This paper explores how to incorporate banks' capital structure and risk-taking into models of production. In doing so, the paper bridges the gulf between (1) the banking literature that studies moral hazard effects of bank regulation without considering the underlying microeconomics of...