Search results for "Inefficiency"
showing 10 items of 55 documents
Evaluating European railway deregulation using different approaches
2012
Abstract There has recently been a great deal of interest in the impacts of the deregulating and restructuring measures in the European railway sector. A vast amount of literature is devoted to analyzing the effects of these deregulation and restructuring measures on efficiency and productivity and the results are not totally unambiguous. However, while most of the papers show that the introduction of competition within the sector (in both passenger and freight markets) has had a positive impact in terms of efficiency and productivity, the impact of vertical separation has produced different results in the literature. The contribution of this paper to the existing literature is twofold. Fir…
Disentangling Tax Evasion from Inefficiency in Firms Tax Declaration: An Integrated Approach
2019
In this article we present a new methodology to support fiscal monitoring by the Italian Revenue Agency (IRA) with the aim of improving current taxpayers fiscal compliance and fighting tax evasion within small and medium enterprises. In fact, given the methodology behind the Sector Studies (Studi di Settore - SdS) system, there is room for firms to implement tax evasion strategies by simply adjusting revenues (and costs) toward an estimated average threshold (known ex-ante), the so called "presumptive" revenues, and achieving the fiscal "congruity" status. By estimating a production function through stochastic frontier analysis we avoid estimating the average threshold know ex-ante and can …
Cost and profit efficiency in the Spanish banking sector (1985–1996): a non-parametric approach
2003
The aim of this article is to analyse the efficiency in costs and in profits of the Spanish banking sector (SBS) in the period 1985–1996 using a non-parametric approach. The results obtained show the existence of profit efficiency levels well below those corresponding to cost efficiency, alternative profit efficiency being below standard profit efficiency. These results imply the existence of market power in the setting of prices and/or the existence of differences in the quality of bank output reflected in the differences in prices. With regard to the immediate future, of full economic and monetary integration, the reduction of profit levels associated with higher competitive pressure may …
Congestion analysis to evaluate the efficiency and appropriateness of hospitals in Sicily
2015
Over the past twenty years, important changes in the Italian National Health System have been made in order to obtain significant improvements in the efficiency, appropriateness and quality of health care delivery, while reducing health expenditure. In this paper we proposed a multidimensional approach to assess the impact of organization inappropriateness on the efficiency evaluation of hospitals in Sicily for the year 2009. This study was based on cross-sectional data for 116 (out of 129) short-term, acute-care hospitals. The analysis considered beds, physicians, nurses and other personnel as inputs, ordinary discharges and day-hospital admissions as desirable outputs and inappropriate di…
Eco-efficiency assessment of wastewater treatment plants using a weighted Russell directional distance model
2016
Abstract Improving the performance of wastewater treatment plants is essential to ensuring their long-term sustainability. Most of the previous studies on this topic have assessed the techno-economic efficiency of wastewater treatment plants and ignored the emission of greenhouse gases. For the first time, the weighted Russell directional distance model was applied to estimate the eco-efficiency of a sample of real wastewater treatment plants. Moreover, this approach allowed an inefficiency score to be obtained for each variable (cost factors, pollutant removal and greenhouse gases) involved in the model. Subsequently, a second stage of analysis was applied to identify factors influencing t…
(In)Efficiencies in Latin American ETFs
2017
Este estudio evalúa empíricamente la eficiencia en la valoración de varios ETFs latinoamericanos, expresada en desviaciones de sus precios de mercado frente a los valores liquidativos subyacentes. Se cuantifican tales ineficiencias y se implementa una estrategia de negociación verificada por regresiones basadas en el CAPM y el Modelo Fama-French. Los resultados discrepan con la Hipótesis de los Mercados Eficientes y son mejor explicados por aspectos de las finanzas comportamentales. Finalmente, se examina cómo las desviaciones influyen sobre la decisión de creación o redención de ETFs, mediante un análisis de regresión logística. Los resultados evidencian que los participantes autorizados r…
A bargaining model of Farrell inefficiency
1998
Abstract An enormous number of empirical papers have estimated technical efficiency, the distance of firms inside a frontier, following the model of Farrell (Farrell, 1957. The measurement of productive efficiency. Journal of the Royal Statistical Society Series A 120 (3), 253–290). We propose a theory that explains the distance these empirical papers seek to measure. The theory is based on the idea that workers can bargain low `effort' (high crew sizes etc.) if they and the firm have some monopoly power. We provide simple theoretical expressions for the empirical measures of technical and allocative efficiency and compare them to those in the statistical literature. We also consider the re…
Analysing farming systems with Data Envelopment Analysis: citrus farming in Spain
2004
Abstract Farming systems in the Mediterranean agricultural areas of Spain are frequently characterised by the small size of the production units and a widespread strategy of externalisation of many growing tasks which could be seen as a way of allowing farms to remain competitive. In this paper, we suggest Data Envelopment Analysis as an appropriate analytical tool to explore the possibilities of short-term viability of individual farms, after eliminating current inefficient practices. From a sample of Spanish citrus farms, we identify the efficient production units that determine the technological or best practice frontier, and we compare their characteristics with those of the average far…
Innovation for climate change adaptation and technical efficiency: an empirical analysis in the European agricultural sector
2020
This paper analyses the effect of innovation on firms' technical efficiency. Using climate-related patent data to proxy for innovation activity in different technological fields, the paper employs a stochastic frontier approach to estimate the impact of innovative efforts on agricultural firms' technical efficiency taking account of both unobservable heterogeneity and double heteroscedasticity in the inefficiency and idiosyncratic terms. Our findings confirm that innovation has a positive impact on firms' productivity (technical efficiency). While agricultural firms located in Germany and Sweden are more efficient compared to those in southern countries, all the European countries considere…
L'administration conjointe du dossier patient: une responsabilité partagée entre le patient et le praticien
2011
National audience; The main problem faced by patients, health practitioners and the authorities, is namely the gathering and updating of administrative and medical data in order to accurately reconstitute a patient's medical history. Although solutions to accelerate and to ease this gathering are being implemented at the national level in several European countries, as unique health identifier in France, information still have to be validated before use. Through this article, we propose a mixed management of patients' data, split between the patient regarding administrative information and the Medical Practitioner (MP) regarding medical information. This method is based on two processes. Th…