The Palgrave Handbook of Economic Performance Analysis
This Handbook takes an econometric approach to the foundations of economic performance analysis. The focus is on the measurement of efficiency, productivity, growth and performance. These concepts are commonly measured residually and difficult to quantify
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The Palgrave Handbook of Economic Performance Analysis
Thijs ten Raa · William H. Greene Editors
The Palgrave Handbook of Economic Performance Analysis
Editors Thijs ten Raa Utrecht School of Economics Utrecht University Utrecht, The Netherlands
William H. Greene Stern School of Business New York University New York, NY, USA
ISBN 978-3-030-23726-4 ISBN 978-3-030-23727-1 (eBook) https://doi.org/10.1007/978-3-030-23727-1 © The Editor(s) (if applicable) and The Author(s) 2019 This work is subject to copyright. All rights are solely and exclusively licensed by the Publisher, whether the whole or part of the material is concerned, specifically the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfilms or in any other physical way, and transmission or information storage and retrieval, electronic adaptation, computer software, or by similar or dissimilar methodology now known or hereafter developed. The use of general descriptive names, registered names, trademarks, service marks, etc. in this publication does not imply, even in the absence of a specific statement, that such names are exempt from the relevant protective laws and regulations and therefore free for general use. The publisher, the authors and the editors are safe to assume that the advice and information in this book are believed to be true and accurate at the date of publication. Neither the publisher nor the authors or the editors give a warranty, expressed or implied, with respect to the material contained herein or for any errors or omissions that may have been made. The publisher remains neutral with regard to jurisdictional claims in published maps and institutional affiliations. Cover illustration: Anna Berkut/Alamy Stock Photo Cover design by eStudio Calamar This Palgrave Macmillan imprint is published by the registered company Springer Nature Switzerland AG The registered company address is: Gewerbestrasse 11, 6330 Cham, Switzerland
Contents
Introduction 1 William H. Greene and Thijs ten Raa Microfoundations of Earnings Differences 9 Tirthatanmoy Das and Solomon W. Polachek Performance: The Output/Input Ratio 77 Thijs ten Raa R&D, Innovation and Productivity 97 Pierre Mohnen The Choice of Comparable DMUs and Environmental Variables 123 John Ruggiero Data Envelopment Analysis with Alternative Returns to Scale 145 Subhash C. Ray Ranking Methods Within Data Envelopment Analysis 189 Nicole Adler and Nicola Volta Distributional Forms in Stochastic Frontier Analysis 225 Alexander D. Stead, Phill Wheat and William H. Greene
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Stochastic Frontier Models for Discrete Output Variables 275 Eduardo Fé Nonparametric Statistical Analysis of Production 301 Camilla Mastromarco, Léopold Simar and Paul W. Wilson Bayesian Performance Evaluation 383 Mike G. Tsionas Common Methodological Choices in Nonparametric and Parametric Analyses of Firms’ Performance 419 Luis Orea and José Luis Zofío Pricing Inputs and Outputs: Market Prices Versus Shadow Prices, Market Power, and Welfare An
