Industry structural inefficiency and potential gains from mergers and break-ups: A comprehensive approach
Author
Abstract
Suggested Citation
DOI: 10.1016/j.ejor.2013.04.034
Download full text from publisher
As the access to this document is restricted, you may want to search for a different version of it.
References listed on IDEAS
- Rajiv D. Banker & Hsihui Chang & Ram Natarajan, 2005. "Productivity Change, Technical Progress, and Relative Efficiency Change in the Public Accounting Industry," Management Science, INFORMS, vol. 51(2), pages 291-304, February.
- R. Russell & William Schworm, 2009.
"Axiomatic foundations of efficiency measurement on data-generated technologies,"
Journal of Productivity Analysis, Springer, vol. 31(2), pages 77-86, April.
- R. Robert Russell & William Schworm, 2007. "Axiomatic Foundations of Efficiency Measurement on Data-Generated Technologies," Discussion Papers 2007-35, School of Economics, The University of New South Wales.
- Forsund, Finn R & Hjalmarsson, Lennart, 1979.
"Generalised Farrell Measures of Efficiency: An Application to Milk Processing in Swedish Dairy Plants,"
Economic Journal, Royal Economic Society, vol. 89(354), pages 294-315, June.
- Førsund, Finn R. & Hjalmarsson, Lennart, 1978. "Generalized Farrell Measures of Efficiency: An Application to Milk Processing in Swedish Dairy Plants," Working Paper Series 17, Research Institute of Industrial Economics.
- Kwoka, John & Pollitt, Michael, 2010. "Do mergers improve efficiency? Evidence from restructuring the US electric power sector," International Journal of Industrial Organization, Elsevier, vol. 28(6), pages 645-656, November.
- Troels Kristensen & Peter Bogetoft & Kjeld Pedersen, 2010. "Potential gains from hospital mergers in Denmark," Health Care Management Science, Springer, vol. 13(4), pages 334-345, December.
- Rolf Fare & Shawna Grosskopf & Valentin Zelenyuk, 2008. "Aggregation of Nerlovian profit indicator," Applied Economics Letters, Taylor & Francis Journals, vol. 15(11), pages 845-847.
- Maindiratta, Ajay, 1990. "Largest size-efficient scale and size efficiencies of decision-making units in data envelopment analysis," Journal of Econometrics, Elsevier, vol. 46(1-2), pages 57-72.
- Charnes, A. & Cooper, W. W. & Rhodes, E., 1978. "Measuring the efficiency of decision making units," European Journal of Operational Research, Elsevier, vol. 2(6), pages 429-444, November.
- Vladimir Nesterenko & Valentin Zelenyuk, 2007. "Measuring potential gains from reallocation of resources," Journal of Productivity Analysis, Springer, vol. 28(1), pages 107-116, October.
- Fare, Rolf & Zelenyuk, Valentin, 2003. "On aggregate Farrell efficiencies," European Journal of Operational Research, Elsevier, vol. 146(3), pages 615-620, May.
- Walter Briec & Benoit Dervaux & Hervé Leleu, 2003. "Aggregation of Directional Distance Functions and Industrial Efficiency," Journal of Economics, Springer, vol. 79(3), pages 237-261, July.
- R. G. Chambers & Y. Chung & R. Färe, 1998. "Profit, Directional Distance Functions, and Nerlovian Efficiency," Journal of Optimization Theory and Applications, Springer, vol. 98(2), pages 351-364, August.
- Bogetoft, Peter & Strange, Niels & Thorsen, Bo Jellesmark, 2001. "Efficiency and Merger Gains in The Danish Forestry Extension Service," Unit of Economics Working Papers 24210, Royal Veterinary and Agricultural University, Food and Resource Economic Institute.
- Zelenyuk, Valentin, 2006.
"Aggregation of Malmquist productivity indexes,"
European Journal of Operational Research, Elsevier, vol. 174(2), pages 1076-1086, October.
- Zelenyuk, Valentin, 2005. "Aggregation of Malmquist Productivity Indexes," MPRA Paper 34689, University Library of Munich, Germany.
- Roberto A. Weber & Colin F. Camerer, 2003. "Cultural Conflict and Merger Failure: An Experimental Approach," Management Science, INFORMS, vol. 49(4), pages 400-415, April.
- Fare, Rolf & Grosskopf, Shawna & Noh, Dong-Woon & Weber, William, 2005. "Characteristics of a polluting technology: theory and practice," Journal of Econometrics, Elsevier, vol. 126(2), pages 469-492, June.
- Subhash Ray, 2007.
"Are some Indian banks too large? An examination of size efficiency in Indian banking,"
Journal of Productivity Analysis, Springer, vol. 27(1), pages 41-56, February.
- Subhash Ray, 2004. "Are Some Indian Bank Too Large? A Examination of Size Efficiency in Indian Banking," Working papers 2004-28, University of Connecticut, Department of Economics.
- Peter Bogetoft & Dexiang Wang, 2005.
"Estimating the Potential Gains from Mergers,"
Journal of Productivity Analysis, Springer, vol. 23(2), pages 145-171, May.
- Bogetoft, Peter & Wang, Dexiang, 2003. "Estimating the Potential Gains from Mergers," Unit of Economics Working Papers 24213, Royal Veterinary and Agricultural University, Food and Resource Economic Institute.
- R. D. Banker & A. Charnes & W. W. Cooper, 1984. "Some Models for Estimating Technical and Scale Inefficiencies in Data Envelopment Analysis," Management Science, INFORMS, vol. 30(9), pages 1078-1092, September.
- Subhash Ray & Kankana Mukherjee, 1998. "Quantity, Quality, and Efficiency for a Partially Super-Additive Cost Function: Connecticut Public Schools Revisited," Journal of Productivity Analysis, Springer, vol. 10(1), pages 47-62, July.
- Fukuyama, Hirofumi, 2003. "Scale characterizations in a DEA directional technology distance function framework," European Journal of Operational Research, Elsevier, vol. 144(1), pages 108-127, January.
- Banal-Estanol, Albert & Macho-Stadler, Ines & Seldeslachts, Jo, 2008. "Endogenous mergers and endogenous efficiency gains: The efficiency defence revisited," International Journal of Industrial Organization, Elsevier, vol. 26(1), pages 69-91, January.
- Subhash Ray & Xiaowen Hu, 1997. "On the Technically Efficient Organization of an Industry: A Study of U.S. Airlines," Journal of Productivity Analysis, Springer, vol. 8(1), pages 5-18, March.
- Chambers, Robert G. & Chung, Yangho & Fare, Rolf, 1996. "Benefit and Distance Functions," Journal of Economic Theory, Elsevier, vol. 70(2), pages 407-419, August.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Valentin Zelenyuk, 2018. "Some Mathematical and Historical Clarifications on Aggregation in Efficiency and Productivity Analysis and Connection to Economic Theory," CEPA Working Papers Series WP032018, School of Economics, University of Queensland, Australia.
- Antonio Peyrache, 2014. "Cost Constrained Industry Inefficiency," CEPA Working Papers Series WP042014, School of Economics, University of Queensland, Australia.
- Hien Thu Pham & Antonio Peyrache, 2015. "Industry Inefficiency Measures: A Unifying Approximation Proposition," CEPA Working Papers Series WP102015, School of Economics, University of Queensland, Australia.
- Tsionas, Mike & Parmeter, Christopher F. & Zelenyuk, Valentin, 2023.
"Bayesian Artificial Neural Networks for frontier efficiency analysis,"
Journal of Econometrics, Elsevier, vol. 236(2).
- Mike Tsionas & Christopher F. Parmeter & Valentin Zelenyuk, 2023. "Bayesian Artificial Neural Networks for Frontier Efficiency Analysis," CEPA Working Papers Series WP012023, School of Economics, University of Queensland, Australia.
- Valentin Zelenyuk & Valentyn Panchenko, 2023. "Bayesian Artificial Neural Networks for Frontier Efficiency Analysis," CEPA Working Papers Series WP022023, School of Economics, University of Queensland, Australia.
- Peyrache, Antonio, 2015. "Cost constrained industry inefficiency," European Journal of Operational Research, Elsevier, vol. 247(3), pages 996-1002.
- Biresh K. Sahoo & Kaoru Tone, 2022. "Evaluating the potential efficiency gains from optimal industry configuration: A case of life insurance industry of India," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 43(8), pages 3996-4009, December.
- A. Peyrache, 2012. "Industry structural inefficiency and potential gains from mergers and break-ups: an empirical approach," CEPA Working Papers Series WP032012, School of Economics, University of Queensland, Australia.
- Zelenyuk, Valentin, 2015.
"Aggregation of scale efficiency,"
European Journal of Operational Research, Elsevier, vol. 240(1), pages 269-277.
- Valentin Zelenyuk, 2012. "Aggregation of Scale Efficiency," CEPA Working Papers Series WP042012, School of Economics, University of Queensland, Australia.
- Cesaroni, Giovanni, 2018. "Industry cost efficiency in data envelopment analysis," Socio-Economic Planning Sciences, Elsevier, vol. 61(C), pages 37-43.
- Andreas Mayer & Valentin Zelenyuk, 2018. "Aggregation of Individual Efficiency Measures and Productivity Indices," CEPA Working Papers Series WP012018, School of Economics, University of Queensland, Australia.
- Valentin Zelenyuk, 2023.
"Productivity analysis: roots, foundations, trends and perspectives,"
Journal of Productivity Analysis, Springer, vol. 60(3), pages 229-247, December.
- Valentin Zelenyuk, 2023. "Productivity Analysis: Roots, Foundations, Trends and Perspectives," CEPA Working Papers Series WP062023, School of Economics, University of Queensland, Australia.
- Thijs Raa, 2011. "Benchmarking and industry performance," Journal of Productivity Analysis, Springer, vol. 36(3), pages 285-292, December.
- Subhash C. Ray & Shilpa Sethia, 2024. "A state-level resource allocation model for emission reduction and efficiency improvement in thermal power plants," Indian Economic Review, Springer, vol. 59(1), pages 205-257, October.
- Subhash C. Ray & Shilpa Sethia, 2023. "A State-Level Resource Allocation Model for Emission Reduction and Efficiency Improvement in Thermal Power Plants," Working papers 2023-08, University of Connecticut, Department of Economics.
- Zelenyuk, Valentin, 2013.
"A scale elasticity measure for directional distance function and its dual: Theory and DEA estimation,"
European Journal of Operational Research, Elsevier, vol. 228(3), pages 592-600.
- Valentin Zelenyuk, 2012. "A Scale Elasticity Measure for Directional Distance Function and its Dual: Theory and DEA Estimation," CEPA Working Papers Series WP072012, School of Economics, University of Queensland, Australia.
- Cesaroni, Giovanni, 2020. "Technically and cost-efficient centralized allocations in data envelopment analysis," Socio-Economic Planning Sciences, Elsevier, vol. 70(C).
- Arnaud Abad & Rabaozafy Louisa Andriamasy & Walter Briec, 2018.
"Surplus measures and luenberger Hicks–Moorsteen productivity indicator,"
Journal of Economics, Springer, vol. 125(3), pages 279-308, November.
- Arnaud Abad & Rabaozafy Louisa Andriamasy & Walter Briec, 2018. "Surplus measures and luenberger Hicks–Moorsteen productivity indicator," Post-Print hal-03025392, HAL.
- Ali Homayoni & Reza Fallahnejad & Farhad Hosseinzadeh Lotfi, 2022. "Cross Malmquist Productivity Index in Data Envelopment Analysis," 4OR, Springer, vol. 20(4), pages 567-602, December.
- Aparicio, Juan & Borras, Fernando & Pastor, Jesus T. & Vidal, Fernando, 2015. "Measuring and decomposing firm׳s revenue and cost efficiency: The Russell measures revisited," International Journal of Production Economics, Elsevier, vol. 165(C), pages 19-28.
- Ying Li & Yung-Ho Chiu & Tai-Yu Lin & Tzu-Han Chang, 2020. "Pre-Evaluating the Technical Efficiency Gains from Potential Mergers and Acquisitions in the IC Design Industry," International Journal of Information Technology & Decision Making (IJITDM), World Scientific Publishing Co. Pte. Ltd., vol. 19(02), pages 525-559, April.
More about this item
Keywords
Data envelopment analysis; Industry inefficiency; Size inefficiency; Mergers; Break-ups; Directional distance function;All these keywords.
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:ejores:v:230:y:2013:i:2:p:422-430. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/eor .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.