Quality of service is of major economic significance in natural monopoly infrastructure industries. In this paper we present an efficiency analysis of electricity distribution networks from seven European countries. We apply the stochastic frontier analysis (SFA) method on multi-output translog input distance function models to estimate cost efficiency and scale economies. We show that introduc...

Using panel data from manufacturing firms in Cameroon, this study investigates the impact of Information and Communication Technologies (ICTs) on firms’ productivity in Cameroon. The empirical model is derived from the flexible Translog production function. The strategic complementarities between ICT-capital and organizational changes are accounted for. We estimate our model using the SystemGen...

This paper innovates as it tests two different hypotheses regarding climate impacts on agricultural markets in Brazil: farmers only observe the average climate conditions of their region when deciding the type and amount of crop/animal to grow/raise; and weather diversions from normal climate conditions deviate farmers from their optimal profits. Both hypotheses are not rejected by the data. Th...