This study presents the results of an extensive Monte Carlo experiment to compare different methods of efficiency analysis. In addition to traditional parametric-stochastic and nonparametric-deterministic methods recently developed robust nonparametric-stochastic methods are considered. The...

In endogenous growth theory models exist which are characterized by local and global indeterminacy. These concepts imply that economies differ with respect to their growth rates on the transition path (local indeterminacy) as well as their long-run growth rates (global indeterminacy). While the...

Mikroökonomisch fundierte Einführung: Sie zeigt, wie man auch ohne Vorkenntnisse der Produktionsfunktion zu Aussagen über die produktive Effizienz kommen kann. Die Autoren stellen den Ansatz der nichtparametrischen Frontierfunktionsanalyse vor und erweitern ihn über verschiedene Schritte....