There is continuing interest in the trend of costs associated with pollution abatement activities. We specify an environmental production technology to model the joint production of good and bad outputs. The joint production model calculates pollution abatement costs and identifies changes in these costs associated with: (1) technical change, (2)...
Recently, in an attempt to produce robust production frontier estimators, Aragon et al. [2005, Nonparametric frontier estimation: a conditional quantile-based approach. Econometric Theory 21, 358-389] and Martins-Filho and Yao [2008, A smooth nonparametric conditional quantile frontier estimator. Journal of Econometrics 143, 317-333] considered the estimation of nonparametric α- frontier models...
This study has two main objectives. First, we propose an alternative way for treating deposits in modeling a banking firm, which account for both their input and output features. Second, we contribute to modeling failures in the banking sector by distinguishing three groups of factors affecting failures: bank level, industry...
Small manufacturing firms often serve a domestic market but would like to expand their sales overseas. It is difficult for a small firm to develop overseas contracts and relationships, however, in part because of their small size, and because the advantages of their products may not always be obvious. The...
This dissertation addresses issues of strategic behavior of firms in lobbying, brand and generic advertising, and advertising-price relationships in imperfectly competitive markets.
In the first study, we investigate conditions under which lobbying can improve social welfare and show that this type of lobbying will be undersupplied from society’s perspective. We...
The following three essays explore the use of the directional output distance function (Chambers et al., 1996), an economic model originally developed to measure efficiency and productivity for multi-input and multi-output production processes, to assess performance for multi-attributed environmental processes.
The first essay illustrates the use of the directional output...
Long-run food price changes respond to long-run changes in food demand, quasi-fixed and variable production factors, and agricultural productivity. Recent global food-price volatility puts a renewed spotlight on the trends and sources of any agricultural productivity growth. Because food prices’ most critical effects are on human hunger, it is especially...
Two essays are focused on semiparametric econometric methods. The first essay investigates applicability of the smooth back tting estimator (SBE) to statistical analysis of residential energy consumption. The second essay attempts to incorporate additivity restrictions into semiparametric stochastic frontier estimation. The procedure described in the first study is used to...
The biorevolution in the 1970’s greatly stimulated investment in life-science
research. The present dissertation is aimed at evaluating the impact of US public
investment on industrial investment in life-science research. The focus is on three major
life-science fields: biology, medicine, and agriculture. A dynamic model of industrial
R&D investment is...
Calls continually are made to provide economic assessments of research program achievements and efficiency. Yet little effort has been given to develop an assessment framework that would focus on the research discovery itself, treating the research manager as a producer and the research technology as a knowledge production function. The...