The study presents an empirical analysis of best practice production and cost frontiers for a sample of 94 acute care hospitals by applying Data Envelopment Analysis (DEA) and a regression model, in a two-stage approach. This paper contributes to the DEA and efficiency measurement literatures by adding results from a homogeneous method of partitioning cost efficiency into its allocative (or pri...

This study was conducted to assess the comparative efficiency of Aftab Bahumukhi Farm Limited (ABFL) supervised broiler farms and farmers’ own managed broiler farms. Data were collected from randomly selected 90 broiler farmers of which 45 were ABFL supervised farmers and 45 were own managed farmers. Cobb-Douglas stochastic production function and cost frontier function were applied to determin...

This study attempts to measure the inefficiency associated with aggregate investment in a transitional economy. The inefficiency is decomposed into allocative and production inefficiency based on standard production theory. Allocative inefficiency is measured by disequilibrium investment demand. Institutional factors are then taken into consideration as possible explanatory variables of the dis...

This paper specifies an empirical framework for estimating both technical and allocative efficiency, which is applied to a large panel of European banks over the years 1996 to 2003. Our methodology allows for self-consistent measurement of technical and allocative inefficiency, in an effort to address the issue known in the literature as the Greene problem. The results suggest that, on average,...

In this paper we conduct two experiments within an agent-based double auction market. These two experiments allow us to see the effect of learning and smartness on price dynamics and allocative efficiency. Our results are largely consistent with the stylized facts observed in experimental economics with human subjects. From the amelioration of price deviation and allocative efficiency, the effe...

Pay-for-performance (P4P) pricing schemes such as pay per click and pay per action have increased in popularity in Internet advertising. Meanwhile, pay-per-impression (PPI) schemes persist, and several publishers have begun to offer a hybrid mix of PPI and P4P schemes. Given the proliferation of pricing schemes, this study examines the optimal choices for publishers. The authors highlight two-s...

In this paper, we conduct two experiments within an agent-based double auction market. These two experiments allows us to see the effect of learning and smartness on price dynamics and allocative efficiency. Our results is largely consistent with the stylized facts observed in experimental economics with human subjects. From the amelioration of price deviation and allocative efficiency, the eff...

Pakistan is home to one of the largest and most complex irrigation infrastructure systems in the world, consisting of 25 million hectares of irrigated agriculture, 56,000 kilometers of main canals, and tubewells in excess of 600,000. Nearly 100 million people depend on 107,000 water courses that are fed by 44 canal systems. Ineffective water management policies in the past have affected water a...

A solid travelling salesman problem (STSP) is a travelling salesman problem (TSP) where the salesman visits all the cities only once in his tour using dierent conveyances to travel from one city to another. Costs and environmental eect factors for travelling between the cities using dierent conveyances are dierent. Goal of the problem is to nd a complete tour with minimum cost that damages the ...