This paper estimates the technical efficiency of a set of Argentinean firms in the electric distribution sector for the period 1994-2001. The efficiency measurement involves the application of two methods: one non-parametric and the other parametric. The first one is DEA and the second one is...

The competition frame of the market economy determines the businesses, which don’t manage to impose themselves through quality, competitiveness and efficiency, and for whom there is not possible a straightness in permissible terms, to become insolvent and, therefore, to be eliminated from the...

Market inefficiency has influence on resource allocation, as price signals tend systematically understate or overstate the effects of information transmitted to the trading parties in the market. In this paper a number of statistical tests employed to assess the weak-form efficiency of Khartoum...

The health care services have been characterised by a growing demand by the citizens leading to the need of more and more resources. Population aging, new pathologies and drugs as well as new treatments are some of the major factors for this. However, in hospitals, for example, consumption of a...

This study deals with estimation of European airports' efficiency values and their interrelation with a level of competition pressure for passengers among airports. In this paper we present a new adaptive definition of airport's catchment area. Using this definition we develop an indicator of a...

We develop a theoretical model in which ?rms are either private or state-owned. When ?rms become insolvent, the government can intervene with general measures, like subsidies, or by nationalizing ?rms. The government only intervenes when the bankruptcy of a ?rm entails social costs. In a...

The main objective of the financial appraisal of an innovation project is to measure the rentability of those projects. The financial appraisal of an innovation project is similary to investment projects at short level. But on the other side, it has certain features due to its main...

In this paper we examine pricing imperfections in software companies by analyzing the case of Microsoft, and we uncover the presence of pervasive dead-weight losses derived from the inability of the producer to achieve first degree price discrimination. Because the nature of software is such...

The paper presents the results of an economic experiment in which the effects of fees on allocative efficiency of tradable utilization permits (e.g. pollution permits) are explored. Laboratory subjects (university students) play the roles of firms whose generic product requires a specific input...

The paper deals with comparison’s problems size of the stock markets in European Union, first of all in the Viszegrad Four countries that mean Czech Republic, Slovakia, Poland and Hungary. Attention is paid on the historical development of the stock markets in these countries, comparison and...