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detect a significant efficiency enhancing effect of benchmarking, we find insignificant merger economies due to the absence … association started with a voluntary benchmarking aimed to increase the efficiency and effectiveness of the sector. Secondly …, merger activity arose. This paper develops a tailored nonparametric model to dissect and distinguish the effects on …
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observations. Merger gains are decomposed into a technical efficiency effect, a harmony effect and a scale effect. The greatest … efficiency improvement potentials turn out to result from reducing individual inefficiencies while pure merger gains are found to …The German potable water supply industry is regarded highly fragmented, thus preventing efficiency improvements that …
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detect a significant efficiency enhancing effect of benchmarking, we find insignificant merger economies due to the absence … association started with a voluntary benchmarking aimed to increase the efficiency and effectiveness of the sector. Secondly …, merger activity arose. This paper develops a tailored nonparametric model to dissect and distinguish the effects on …
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