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To what extent has input reallocation contributed to aggregate productivity growth in the banking sectors of Europe and the United States? Interestingly, under-performing banks capture market share, while more productive banks lose market share, in particular in the US. The pattern of...
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industry. Data Envelopment Analysis is used to compute technical efficiency scores for the years 2001 and 2013. Our main … the other hand, we distinguish program efficiency from managerial efficiency, which allows us to evaluate whether the … differences in technical efficiency between national and foreign banks are due to the use of different technologies (program …
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Using a sample of 680 and 1,300 judicial and private auctions respectively, we analyze the effect on the wealth of those the law is intended to protect of different regulations applicable to each type of auctions. We find that consistent with a simple economic model, Courts assign judicial...
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. We conclude that the household efficiency does yield empirically falsifiable restrictions despite being scarcely rejected …
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