In this paper we estimate the total factor productivity of UK airports using a Malmquist index. Productivity change is factored into an index of efficiency change and an index of technological change. Technological change is further decomposed into indexes that measure the bias in the production...

We use DEA-type linear programming techniques to simulate a basic component of educational reform-eliminating restrictions on the allocation of school personnel. Our technique allows us to identify potential output gains (or equivalently potential cost savings) from reform. We can also identify...

Purpose – The purpose of this paper is to investigate the effects of the 2008 SEC short-sell moratorium on regional bank risk and return. The paper also examines the decline in “failures to deliver” securities in the wake of SEC short-sell moratorium. Design/methodology/approach – In...

Significant differences in the growth rates of total factor productivity (TFP) exist among states. In this study, the sources of differences in TFP growth, technological change, and average efficiency levels for states in the period 1977-86 are identified. Rather than focusing on just the...

Sources of wage differential between native and all immigrant, Asian, European, and Latin American workers are examined by estimating hedonic wage equations and employing wage differential decomposition methodology. In addition the extent of interregional differences in such differential is...

No single way of measuring the capital stock has been agreed upon by regional researchers. The authors examine five methods that have been proposed for measuring the capital stock in state manufacturing. They discuss the properties of each of the five capital stock allocation methods and then...

We exploit the duality between the cost function and the directional distance function in value space to recover hedonic prices of product or asset characteristics. An application is offered for 96 Oregon vineyards located in the Willamette Valley of Oregon that sold between 1995 and 2007....

This article provides a method of measuring performance in the public sector, specifically performance of school districts. The technique is closely related to the family of Farrell type efficiency measures as well as data envelopment analysis (DEA). It also can be viewed as a generalization of...