napw cover Conference Program - New York Universityweb-docs.stern.nyu.edu/old_web/economics/docs/NAPW... · Room 3-50 Economic Efficiency and a Metafrontier Analysis of Lowlands in

Conference Program

NAPW V

North American Productivity Workshop

Stern School of Business New York University New York, New York

June 24 - June 27, 2008

North American Productivity Workshop New York, New York, June 24-27 2008

Stern School of Business, New York University

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NAPW V

Conference Program

Tuesday, June 24, 2008

09:00 – 17:00 Young researchers preconference and workshop Wednesday, June 25, 2008

09:00 – 11:00 Registration, Coffee 11:00 – 12:15 Opening Remarks, Dean Thomas Cooley

Keynote Address, William Baumol 12:15 – 14:00 Lunch 14:00 – 15:30 Parallel sessions 15:30 – 16:00 Break and refreshments 16:00 – 17:30 Parallel sessions 18:00 – 19:30 Reception

Thursday, June 26 09:00 – 10:30 Parallel sessions 10:30 – 11:00 Break and refreshments 11:00 – 12:30 Parallel sessions 12:30 – 14:00 Lunch 14:00 – 15:30 Plenary session 15:30 – 16:00 Break and refreshments 16:00 – 17:30 Parallel sessions 18:00 - 19:30 Reception 20:00 – 22:00 Conference banquet

Friday, June 27 09:00 – 10:30 Parallel Sessions 10:30 – 11:00 Break and refreshments 11:00 – 12:30 Parallel sessions and roundtable discussion 12:30 – 14:00 Lunch 14:00 – 15:30 Parallel sessions 15:30 – 16:00 Break and refreshments 16:00 – 17:30 Parallel sessions 17:30 – 17:45 Closing remarks



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Preconference Workshop Tuesday, June 24, 2008

09:30 – 10:30 Session 1: Chair: Paul Wilson Room 3-50 Estimation of Theoretically Consistent Frontier Functions with a Simple Three Step

Approach Arne Henningsen and Christian H.C.A. Henning

The Texas Electricity Market in Terms of Efficiency Change after the Reform of 1996 Pavlo Demchuk

10:30 – 11:00 Break and Refreshments 11:00 – 12:30 Session 2: Chair: Robin Sickles Room 3-50 Skill-Based Technological Change vs. Capital-Skill Complementarity: Evidence from

OECD Countries Esben A. Schultz, Battista Severignini and Anders Sørensen

Sub-Saharan African Railway Firms: Reforms and Demand Effects on Technical Efficiency, A Stochastic Frontier Analysis between 1995 and 2005 Achraf Tarsim and Augustin M. Mbangala and Sergio Perelman

European Railway Deregulation: The Influence of Regulatory and Environmental Conditions on Efficiency Heike Wetzel

12:30 – 14:00 Lunch 14:00 – 15:00 Session 3: Chair: Subal Kumbhakar Room 3-50 Business Support Programmes in Scotland (1973-2005): Does Regional Selective

Assistance Make a Difference to Plant Performance? John Mofatt and Richard Harris

Efficiency of German Universities: A Stochastic Frontier Analysis Accounting for Environmental Factors Maria Olivares and Heike Wetzel

15:00 – 15:30 Break and Refreshments 15:30 – 16:30 Session 4: Chair: William Greene Room 3-50 Economic Efficiency and a Metafrontier Analysis of Lowlands in Benin (West Africa):

Evidence from Stochastic Frontier Approaches Alphonse Singbo and Alfons Oude Lansink

Efficiency Estimates with Improved Bootstrapped Confidence Interval Coverage Qu Feng and William Horrace



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Conference Program

Wednesday, June 25, 2008

Wednesday, June 25: Session WA: 11:00 – 12:15 Session WA: 11:00 – 12:15, Rm. 2-60 Welcome Stern School of Business Remarks Toyota Motor Corp. Keynote Speaker Professor William Baumol Entrepreneurship and Institutions: Who Directs Which? Moderator: William Greene Wednesday, June 25: Session WB: 14:00 – 15:30 Session WB1: 14:00 – 15:30, Rm. 3-50 Regulation Outcomes Session Chair: Spiro Stefanou Competition in the Cable Services Industry Pedro Pereira, Ricardo Ribiero Railway Reforms: Do They Influence Operating Efficiency? Jens Leth Hougaard, Mette Asmild, Torben Holvad, Dorte Kronberg Price Cap Regulation in the Water Industry Melvyn Weeks Profitability Growth, Incentive Power and ownership: Does Regulation Matter? Per Agrell, Göran Ek, Emili Grifell-Tatjé Session WB2: 14:00 – 15:30, Rm. 3-55 Panel Data and Dynamic Models Session Chair: Robin Sickles The Power of Sub-Company Data for Estimating Efficiency Frontiers Andrew Smith, Phill Wheat Partial Adjustment and Dynamic Panel Data in Stochastic Frontier Models Mike Tsionas Adjustment of Inputs and Measurements of Technical Efficiency: A Dynamic Panel Data Analysis Aditi Bhattacharyya Stochastic Nonparametric Envelopment of Data (StoNED) in the Case of Panel Data Timo Kuosmanen



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Session WB3: 14:00 – 15:30, Rm. 3-60 Environmental Impacts Session Chair: Astrid Cullman Economic Inefficiency and Environmental Impact: An Application to Aquaculture Production Frank Asche, Kristin Roll, Ragnar Tveteras Estimating the Economic Benefits of Arsenic Removal in India: A Case Study from West Bengal Joyashree Roy Impacts of Climate Change, Ethanol Production and Urbanization on the Price of land in the Corn Belt: A Farm Level Analysis Alexandre Vialou, Richard Nehring Does Product-Cause Fit Really Matter in Cause-Related Marketing for Harmful Products? Influences of Fit Nature and Product Type Chia-Ying Lee, Chun-Tuan Chang Session WB4: 14:00 – 15:30, Rm. 4-60 The Electricity Industry Session Chair: Meryem Fethi Consequences of the Electricity Sector Liberalization: Productivity, Prices and Economic Profits Leticia Blázquez, Pablo Arocena, Emili Grilell-Tatjé Incorporating Quality of Service in a Benchmarking Model: An Application to French Electricity Distribution Marie-Anne Plagnet, Tim Coelli, Helene Crespo, Sergio Perelman, Elliot Romano Network DEA: A Slacks-Based Measure Approach and Its Application to Electric Utilities in the U.S. and Japan Kaoru Tone, Miki Tsutsui Electric Utilities, Environmental Externalities and Cost Measured Productivity Growth Diego Prior, Gerald Granderson Session WB5: 14:00 – 15:30, Rm. 4-90 Management Practice I Session Chair: James Adams Measuring Project Performance Using Data Envelopment Analysis Dalia Sherif and Joseph Paradi A Taxonomy for Cross-Efficiency Analysis Marcos Estrellita Lins Rodney Green, Angela Cristina Moreira da Silva Comparing the Technical Efficiency of the Mexican Trucking Industry with its NAFTA Partners Cesar Rivera, Alberto Mendoza Manufacturing Productivity in Indian States: Did Reforms Deliver? Rajesh Raj, Mihir Mahapatra



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Wednesday, June 25: Session WC: 16:00 – 17:30 Session WC1: 16:00 – 17:30, Rm. 3-50 Computation and Estimation Methods Session Chair: Mike Tsionas Imposing Weak Monotonicity on Parametric Distance Function Estimations Daniel Santin, Sergio Perelman A Faster and Trimmer Algorithm Based on Generators for Solving DEA Models Srinivasan Parthasarathy Data Envelopment Analysis as an Aggregation Operator Ozren Despić Frontier Estimation and Extreme Values Theory Léopold Simar, A. Daouia, J.P. Florens Session WC2: 16:00 – 17:30, Rm. 3-55 Labor and Human Resources Session Chair: Paul Rouse Strategic Human Resource Management and Productive Efficiency: An Application of Enterprises in ChinaYing Chu Ng, Li-Qun Wei Changes in Average Labor Compensation, Productivity and Unit Labor Cost in Chinese Provinces, 1995-2004 Vivian Chen, Bart van Ark, Harry Wu, Xiao Qin Labour Flexibility, Firm Characteristics and Relative Performance Karligash Kenjegalieva, Claudio Piga, Thomas Weyman-Jones Decomposing Labour Productivity in the Presence of Technical Inefficiency: The Role of Human Capital Vangelis Tzouvelekas, Kostas Chatzimichael Determinants of Part-Time Farming and Its Effect on Farm Productivity and Efficiency Gudbrand Lien, Subal Kumbhakar, J. Brian Hardaker Session WC3: 16:00 – 17:30, Rm. 3-60 Agricultural Productivity Session Chair: Valentin Zelenyuk The Inefficient Corn Plant Loren Tauer Governance and Productivity: Microeconomic Evidence from Ethiopia Daniel Zerfu Determinants of Farm Level Efficiency and Productivity of Major Crops in Pakistan Shabbir Ahmad, Abdul Jabbar Subsidies, Efficiency and Technology Change of Ukranian Dairy Farms: Spatial Dependence in the Components of Productivity Growth Oleg Nivievskyi, Stephan von Cramon Taubadel, Bernhard Brümmer



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Session WC4: 16:00 – 17:30, Rm. 4-60 Data Envelopment Analysis I Session Chair: Ole Olesen A New Three-Step Method for Including Environmental Variables in the Efficiency Analysis: A Monte Carlo Experiment Rafaela Dios-Palomares Efficiency Analysis Accounting for Internal and External Nondiscretionary Factors Ana Camanho, M.C. Portela, C.B. Vaz Designing Questionnaires for Post-Processing with Data Envelopment Analysis To Measure Psychological or Qualitative Factors Angela Tran, Joseph Paradi Ratios in DEA Models Distort the Results Sanaz Sigaroudi, Joseph Paradi Non-zero Weights in the Efficiency Assessment with DEA Nuria Ramón, José Ruiz, Immaculada Sirvent Session WC5: 16:00 – 17:30, Rm. 4-90 The Banking Industry I Session Chair: Karligash Kenjegalieva Cost Efficiency Analysis in The Asian Banking Industry Zhi Shen, Hailon Loao, Thomas Weyman-Jones Tom Weyman-Jones will present Cost Efficiency, Determinants and Risk Preferences in Banking: A Stochastic Frontier Approach Maria Chelo V. Manlagñit Russian and Ukranian Banking: Efficiency Congruity or Discongruity? Natalya Dushkevych, Karligash Kenjegalieva The Impact of Environmental Factors on Bank Efficiency: A Parametric Analysis of Liberalized Egyptian Banks Meryem Fethi, Mohamed Shaban, Thomas Weyman-Jones Adjusting for Cultural Differences: A DEA Model Applied to a Bank Merger Haiyan Zhu, Sandra Vela, Joseph Paradi



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Thursday, June 26, 2008 Thursday, June 26: Session TA: 09:00 – 10:30 Session TA1: 09:00 – 10:30, Rm. 3-50 Paradigm Issues Session Chair: Roberto Mosheim Technical Efficiency Measurement: The Choice of Direction Robert Chambers and Rolf Färe Dynamic Performance Measurement and Evaluation: Will Bridging Paradigms Lead to Improved System Design? Kostas Triantis Farrell Revisited: Visualising the DEA Production Frontier Finn Førsund, Sverre Kittelsen, Vladimir Krivonozhko Measuring Productivity Change without Neoclassical Assumptions Bert Balk Session TA2: 09:00 – 10:30, Rm. 3-55 Foreign Direct Investment Session Chair: Natalya Dushkevych Knowledge Spillovers from Foreign Direct Investment: Evidences from UK Survey Data Yundan Gong, Xiaolan Fu Foreign Knowledge, What Does It Bring to Domestic Firms? Malmquist Productivity Index In Test for FDI Spillovers Victoria Kravtsova, Valentin Zelenyuk Do Exports Cause Firm Productivity Growth? A Matching Analysis for Small and Large Spanish Manufacturing Firms Juan A. Sanchis Llopis, Juan a. Mañez Castillejo, Maria E. Rochina Barrachina Directed Technical Change, Indigenous and Foreign Innovation Efforts and Drivers of Technology Upgrading: Evidence from China Xiaolan Fu



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Session TA3: 09:00 – 10:30, Rm. 3-60 Analysis of Panel Data Session Chair: Timo Kuosmanen Is Endogeneity of Any Concern in Stochastic Frontier Panel Models? Constantin Belu Alternative Semiparametric Efficient Estimation of Stochastic Panel Frontier Model Kien Tran, Mike Tsionas Stochastic Frontier Models with Vector Autoregressive Efficiency Components Camilla Mastromarco, Ulrich Woitek A Panel VAR Approach to the Interaction Between Noise and Inefficiency in Stochastic Frontier Models Mike Tsionas Session TA4: 09:00 – 10:30, Rm. 4-60 Management Practice II Session Chair: Marcos Lins ICT Technology and Productivity Measurement in a Latent Class Stochastic Frontier Model: An Application to Chilean Retailers Gaaitzen J. de Vries, Michael Koetter Productivity Leadership and Strategic Investments in Innovation: the Adoption of E-Business Capabilities Kristina Steffenson McElheran Secure Relative Performance Scheme Kurt Nielsen, Tomas Toft Measuring Aggregate Productivity Growth Using Plant-Level Data Amil Petrin Session TA5: 09:00 – 10:30, Rm. 4-90 The Health Care Industry Session Chair: Mette Asmild Cost Efficiency of NYS Nursing Homes: A Frontier Analysis Shelton Schmidt, Harold Fried, Suthathip Yaisawarng Hospital Capacity, Capability and Emergency Preparedness Patric Bernet, Vivian Valdmanis, James Moises Invention and Discovery in Science-Based Firms James Adams, J. Roger Clemmons



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Thursday, June 26: Session TB: 11:00 – 12:30 Session TB1: 11:00 – 12:30, Rm. 3-50 Macroeconomics and Growth Session Chair: Tomohiko Inui Productivity Dispersion among Japanese Firms: How and Why Did I Increase During the Lost Decade? Keilko Ito, Sébastien Lechevalier Can International Productivity Differences Explain U.S. Current Account Deficits? Suparna Chakraborty, Robert Dekle Financial Development and Technical Efficiency Evangelia Desli, Philip Arestis, Georgios Chortareas Factors Affecting Countries’ Catch-Up with the Technological Frontier Antonio Álvarez, Alejandro Fernandez Cerezo Technology Clubs and Growth Patterns: Evidence from EU Manufacturing Michael Koetter, Jaap Bos, C. Economidou Session TB2: 11:00 – 12:30, Rm. 3-55 Nonparametric and Quantile Estimators Session Chair: Chris Parmeter A Parallel Development of Nonparametric Models Timo Kuosmanen, Andrew Johnson Smooth Nonparametric Conditional Quantile Profit Function Estimation Anton Piskunov, Carlos Martins-Filho Sectoral Productivity Convergence: A Non-Parametric Quantile Regression Approach Bart Los, Fulvio Castellacci, Gaaitzen J. de Vries Nonparametrically Measuring Scale and Scope Economies with An Application to the Drinking Water Sector Rui Chnha Marques, Kristof De Witte



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Session TB3: 11:00 – 12:30, Rm. 3-60 Hospital Costs Session Chair: Shelton Schmidt Technical and Scale Efficiency of Greek Hospitals, 1999-2003 Roxani Karagiannis Hospital Productivity and the Norwegian ownership Reform – A Nordic Comparative Study Sverre Kittelsen, Jon Magnussen, Kjartan Sarheim Anthun, Unto Häkkinen, Miika Linna, Emma Medin, Kim Rose Olsen, Clas Rehnberg The Productive Efficiency of Canadian Hospitals: Is Scale or Capacity the Problem? Mette Asmild, Bruce Hollingsworth, Stephen Birch Do High Quality Hospitals Practice Differently from Lower Quality Hospitals? Vivian Valdmanis, Ryan Mutter, Michael Rosko A Data Envelopment Analysis Approach for Measuring the Performance of Canadian Hospitals in the Treatment of AMI Patients Tamas Fixler, Joseph Paradi Session TB4: 11:00 – 12:30, Rm. 4-60 Pollution Session Chair: Margarita Genius Modeling Pollution Abatement Technologies and Productivity within a Network Technology Carl Pasurka, Rolf Färe, Shawna Grosskopf Estimation of Semiparametric Stochastic Frontiers Under Shape Constraints with Application To Pollution Generating Technologies Mika Kortelainen Measuring Technical Efficiency with Undesirable Outputs and Changing Fishery Regulations: A Comparison of Frontier Approaches John Walden, Rolf Färe, James Kirkley Session TB5: 11:00 – 12:30, Rm. 4-90 Service Sector Applications I Session Chair: Subhash Ray Stochastic Demand, Firm Costs and Efficiency: An Application to Port Terminals Alan Wall, Ana Rodriguez-Álvarez, Beatriz Tovar de la Fé FDI Spillovers and Productivity: Evidence from the British Retail Sector Dolores Añon Higon, Nicholas Vasilakos Efficiency Measurement in Property Register Offices José Manuel Cordero-Ferrera, Francisco Pedraja-Chaparro, Javier Salinas-Jiménez Profitability, Agency Costs and Accounting Conservatism Yoshie Saito



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Thursday, June 26: Session TC: 14:00 – 15:30 Session TC: 14:00 – 15:30, Rm. 2-60 Plenary Session on Regulation Session Chair: Melvyn Weeks Efficiency Analysis for Regulatory Price Reviews: Why Do Regulators Do What They Do? Michael Pollitt Discussion William Emery, Tim Coelli, Robin Sickles Thursday, June 26: Session TD: 16:00 – 17:30 Session TD1: 16:00 – 17:30, Rm. 3-50 Statistical Models and Distributions Session Chair: Subal Kumbhakar Semiparametric Deconvolution with Unknown Error Variance Chris Parmeter, William Horrace Centered-Residuals-Based Moment Tests for Stochastic Frontier Models Hung-Jen Wang, Yi-Ting Chen On the Distribution of Estimated Technical Efficiency in Stochastic Frontier Models Peter Schmidt, Wei-Siang Wang Goodness of Fit Tests in Stochastic Frontier Models Christine Amsler, Wei-Siang Wang Session TD2: 16:00 – 17:30, Rm. 3-55 Public Transportation Session Chair: Giannis Karagiannis Potential Gains from Mergers in Local Public Transport: Efficiency Analysis Applied to Germany Matthias Walter, Astrid Cullman International Benchmarking in the German and Swiss Urban Public Transport Sector Using Panel Data Astrid Cullman, Mehdi Farsi, Massimo Filippini Contract Choice, Incentives, and Political Capture in Public Transport Philippe Gagnepain, Marc Ivaldi Cost Efficiency and Market Structure of German Public Bus Operators Maria Niewsand, Borge Hess, Christian von Hirschhausen



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Session TD3: 16:00 – 17:30, Rm. 3-60 Cross Country Analyses of Productivity and Technological Change Session Chair: Ignace Van De Woestyne A Comparative Evaluation of Two Nonparametric Methods for Measuring Dynamic Eco-Productivity Change: An Application to 15 European Countries Bernhard Mahlberg, Biresh Sahoo Technical Change and the Dynamics of World Income Distribution: A Stochastic Frontier Approach Jorge Pires A Contribution of Technical Efficiency and Technological Change in PGF Convergence: A Stochastic Frontier Approach Thabet Khaled Unemployment, Inefficiency and Technical Change in the Economic Growth of Nations Fernando Garcia, Jorge Pires Measuring the Relative Socio-Economic Performance of Developing Countries Nicole Adler, Ruzanana Tarverdyan, Ekaterina Yazhemsky Session TD4: 16:00 – 17:30, Rm. 4-60 Agriculture and the Dairy Industry Session Chair: Daniel Zerfu Risk Aversion Assessment in the Tunisian Broadacre Sector Under Duality and Corner Solution Models Mohamed Mekki Ben Jamaa Agricultural Productivity and Regulatory Effects Johannes Sauer, Svend Rasmussen Analyzing New York State Milk Production: Do Stanchion and Parlor Milking Completely Differentiate Utilized Production Technologies? Antonio Álvarez, Julio del Corral, Loren Tauer Meta-Frontier in Comparison of the Performance of the Dairy Cooperatives with the Performance Of Investor Oriented Firms Rafat A.M.E. Soboh, Alfons Oude Lansink Luenberger Quality Indicator Estimation Atakelty Hailu, Robert Chambers, Jananee Raguargavan

Session TD5: 16:00 – 17:30, Rm. 4-90 Distance Functions Session Chair: Mette Bjørndal When Are Efficient DMUs Efficient? Constantin Belu, Lennart Hjalmarsson Water Quality and Performance in the United States Water Industry Roberto Mosheim Measuring Subvector Efficiency in the Stochastic Frontier Framework Zhengfei Guan, Subal Kumbhakar, Alsons Oude Lansink Measuring of Consumption Efficiency in Price-Quantity Space; A Distance Function Approach Vasiliki Fourmouzi, Margarita Genius, Peter Midmore, Vangelis Tzouvelekas The Effect of Agricultural Policy Reforms on the Productivity of the Swiss Crop Farming Raushan Bokusheva, Subal Kumbhakar, Bernard Lehmann



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Friday, June 30 Friday, June 27: Session FA: 09:00 – 10:30

Session FA1: 09:00 – 10:30, Rm. 3-50 Industrial Organization and Market Structure Session Chair: Jens Leth Hougaard Variable Returns to Scale, Optimal Industrial Organization and Measures for Departures Thijs ten Raa EU Membership Related Efficiency Breakthrough in Banking Sectors of the New EU States Jelena Zorić, Marko Košak Estimating Firm-Specific Market Power: A Composed Error Model Approach Luis Orea Evaluation of Merger Efficiency Defenses using DEA and SFA Peter Bogetoft Mean and Bold? On Separating Merger Economics from Structural Efficiency Gains in the Drinking Water Industry Kristof De Witte, Elbert Dijkgraaf Session FA2: 09:00 – 10:30, Rm. 3-55 Data Envelopment Analysis II Session Chair: Ana Camanho Technical Economies of Scope Using Data Envelopment Analysis Kostas Bakoulas, Emmanuel Thanassoulis, Ozren Despic Discriminating Between FDH-Efficient Units Using MAJ FDH Shinn Sun Testing the Regular Ultra Passum (RUP) Law with Convex DEA Technologies and Defining Piecewise Linear Nonconvex Technology That Satisfies this Law Ole Olesen, Niels Petersen Aggregation of Activities and Inputs in Data Envelopment Analysis Endre Bjørndal, Mette Bjørndal Using DEA to Understand Cardiac Surgery Performance: A Ten-Year Follow-up Jon Chilingerian Session FA3: 09:00 – 10:30, Rm. 3-60 Statistical Inference About Efficiency Scores Session Chair: Victor Podinovski Nonparametric Hyperbolic Order-Alpha Quantile Estimators of Efficiency, Productivity Change, Etc. Paul Wilson, David Wheelock Stochastic Versions of DEA/FDH Type Estimators: New Developments Valentin Zelenyuk, Léopold Simar Improving Statistical Inference and Bootstrapping in Conditional Nonparametric Frontier Models Cinzia Daraio, Luiza Badin, Léopold Simar



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Session FA4: 09:00 – 10:30, Rm. 4-60 Productivity and Economic Growth Session Chair: Pellegrino Manfra Capital Composition and Productivity Growth: An Application to the Spanish Regions Ma del Mar Salinas-Jiménez, Javier Salinas-Jiménez Embodied Technological Progress and the Productivity Slow Down in Japan Tomohiko Inui, Joji Tokui, Young Gak Kim Performance Gauging in Discrete Time Using a Luenberger Portfolio Productivity Indicator Walter Bried, Olivier Brandonouy, Ignace Van De Woestyne A Circular Malmquist-Type Index for Measuring Productivity Maria Portela, Emmanuel Thanassoulis Economic Stagnation and Productivity Slowdown in Japan Jiro Nemoto, Mike Goto Session FA5: 09:00 – 10:30, Rm. 5-140 Banking II Thijs ten Raa Measuring Units Invariant Slacks in Radial DEA Models and Incorporating Them Into An Overall Efficiency Score: An Application in Bank Branch Loan Quality Evaluation Barak Edelstein, Joseph Paradi Banking Efficiency and Stock market Performance: Listed Indonesian Banks Analysis Karligash Kenjegalieva, Maximilian Hall, Richard Simper Optimizing a Canadian Bank’s Payment Release Process in the Large Value Transfer Using Simulation Tools Sukrit Ganguly, Joseph Paradi Measuring Efficiency and Productivity of Banks in Luxembourg Using a Bootstrap Nonparametric ApproachClaudia Curi, Paolo Guardia Local Market Consolidation and Bank Branching Efficiency: Evidence from an Indian City Subhash Ray, Abhiman Das



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Friday, June 27: Session FB: 11:00 – 12:30 Session FB1: 11:00 – 12:30, Rm. 3-50 Microeconomics Applications Session Chair: Claudia Curi Decomposition of Banking Sector Productivity During Deregulation Period: An Application to Developing Country Data Shabbir Ahmad Efficiency and Productivity Effects of Commercial Bank Mergers in India: A Cost and Revenue Based Total Factor Productivity Approach Geetha Ravishankar, Adrian Gourlay, Thomas Weyman-Jones Banking Productivity and Strategic Groups: A Luenberger Decomposition Approach Mircea Epure, Kristiaan Kerstens, Diego Prior Productivity of the U.S. Economy: Is the Level of the “New Economy” of the 1990s Sustainable? Pellegrino Manfra Session FB2: 11:00 – 12:30, Rm. 3-55 Shadow Costs and Shadow Prices Session Chair: Joseph Paradi The Shadow Price Approach to Efficiency Measurement Sung Ko Li, Rolf Färe The Shadow Cost Model Again? Choice of Numeraire and Firm- and Time-Varying Input Price Distortions Ornella Maietta Input Price Variations Across Locations and a Generalized Measure of Cost Efficiency Subhash Ray, Lei Chen, Kankana Mukherjee Output Oriented Technical Efficiency and Quasi-Fixed and Variable Inputs Giannis Karagiannis Session FB3: 11:00 – 12:30, Rm. 3-60 Roundtable Discussion: Engineering Applications of Efficiency AnalysisSession Chair: Kostas Triantis, Andrew Johnson Dan Dummire, George Keller, Alexandra Borja, Kalyan Pasuporthy, Jesus de la Garza, Mehmet Ozbek



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Session FB4: 11:00 – 12:30, Rm. 4-60 Panel Data and Heterogeneity Session Chair: William Greene A Panel Data Model with Nonparametric Time Effects Robin Sickles, Mmike Tsionas Estimation of Stochastic Frontier Models with Fixed Effects Through Monte Carlo Maximum Likelihood Grigorios Emvalomatis, Spiro Stefanou, Alfons Oude Lansink The Influence of Misspecification and Controlling for Heterogeneity on Stochastic Frontiers and Efficiency Estimates: A Simulation Approach Aljar Meesters Session FB5: 11:00 – 12:30, Rm. 5-140 Education Session Chair: David Saal Evaluation of Universities According to their Mission Adela Garcia-Aracil, Davinia Palomares-Montero Nonparametric Efficiency Analysis Under Economies of Scope with an Application to University ResearchJoeren Sabbe, Bram De Rock, Laurens Cherchye Possible Efficiency Gains of the Financial Reform in Dutch Primary Education: An Application of an Indirect Output Distance Function Patrick Koot, Jos Blank Efficiency and Equity in Private and Public Education: A Nonparametric Comparison Kristof De Witte, Laurens Cherchye, Erwin Ooghe



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Friday, June 27: Session FC: 14:00 – 15:30 Session FC1: 14:00 – 15:30, Rm. 3-50 Answer to Stone: The Use of Efficiency Analysis (This session still under construction) Session Chair: Antonio Álvarez Subhash Ray Finn Forsund, Leopold Simar Session FC2: 14:00 – 15:30, Rm. 3-55 Finance and Insurance Session Chair: Jaap Bos Measuring the Performance of Professional Services with an Application of DEA to Financial Audits Paul Rouse, Robert Knechel, Caren Schellman Technical Efficiency and Stock Market Reaction to Horizontal Mergers Yanna Wu, Subhash Ray Performance of the Dutch non-Life Insurance Industry: Competition, Efficiency and Focus Jacob Bikker and Janko Gortner Effect of SOX on Firms’ Productivity Hsihui Chang, Helen Choy Session FC3: 14:00 – 15:30, Rm. 3-60 Service Industries II Session Chair: Dolores Añon Higon Combining Malmquist Indices and PCA-DEA: An Application to Israeli Police Stations Ekaterina Yazhemsky, Nicole Adler, Mali Sher Cost Efficiency and Scope Economies in Multi-Output Utilities in Switzerland Mehdi Farsi, Massimo Filippini How Do Distribution Losses and Differences in Operating Characteristics Influence Measured Efficiency in Electricity Distribution? David Saal Risk Management, X-Efficiency, Mergers and Excess CEO Compensation in Taiwan’s Banking Industry Ming-hsiang Huang



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Session FC4: 14:00 – 15:30, Rm. 4-60 Manufacturing in India, Pakistan and China Session Chair: Mircea Epure Productivity Improvements in India and China for Manufacturing and Service Sectors: A DEA and Malmquist Approach Somesh Mathur Output and Input Efficiency of the Manufacturing Firms in India: A Case of Pharmaceutical Sector Mainak Majumder, Subhash Ray Ownership, Technical Inefficiency and Risk Sensitivity: Evidence from the Tunisian Banking Industry Samia Lassoued, Mohamed Chaffai Technical Efficiency In Large and Medium Sized Manufacturing Industries in Bangladesh: An ApplicationOf Stochastic Frontier Production Function Hedayet Chowdhury Session FC5: 14:00 – 15:30, Rm. 5-140 Discrete Outcomes, Censoring and Selection Session Chair: Christine Amsler Estimation of Technical Efficiency and the Production of Economic Bads Eduardo Fe-Rodriguez A Count Data Stochastic Frontier Model Richard Hofler A Sparse Stochastic Frontier Estimator Christopher Parmeter, Subal Kumbhakar, Efthymios Tsionas A Stochastic Frontier Model with Sample Selection William Greene



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Friday, June 27: Session FD: 16:00 – 17:30 Session FD1: 16:00 – 17:30, Rm. 3-50 Management Practice III Session Chair: Alexandra Borja Is Ex-Ante Bank Efficiency a Determinant for M&A? A Statistical Approach Giovanni Trovato, Stefano Caiazza, Alberto Pozzolo Uncertainty and Capital Accumulation: Empirical Evidence for African and Asian Firms Guiying Wu, Stephen Bond, Måns Söderbom Modeling the Dynamics of Input-Output Space Wen-Chih Chen, Andrew Johnson The Interrelationship Between Firm Performance, Managerial Compensation and Technical and Allocative Efficiency in the Electric Power Industry Richard Lord, Yoshie Sato, Kaoru Tone. Miki Tsutsui Session FD2: 16:00 – 17:30, Rm. 3-55 Banking and Industry Structure Session Chair: Amil Petrin Metafrontiers and Technological Gaps in DEA Analysis with an Empirical Application to Banks In Asian Developing Countries Thanh Le, Adam Szirmai How Does Cross-Border Activity Affect the EU Banking Markets? Ana Lozano-Vivas, Laurent Weill Competition and Innovation in U.S. Banking Jaap Bos, J. Kolari, R. van Lamoen (In)Efficient Industry Restructuring: Evidence from European and U.S. Banking Jaap Bos, P.C. Van Santen, P. Schilp Session FD3: 16:00 – 17:30, Rm. 3-60 Cross Section Analyses Session Chair: Geetha Ravishankar A Comparative Analysis of Growth and Convergence in China, Russia and India Oleg Badunenko Measurement of Social Protection Performance in the European Union Tim Coelli, Mathieu Lefèbvre, Pierre Pestieau Capital Productivity Determinants: ASEAN5 Plus 3 Perspectives Elsadig Ahmed Effects of Foreign Direct Investments Flow on Aggregate Technical Efficiency: An Evidence Of Panel Data of the OECD Countries Kodjo-Komna Kodjo



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Session FD4: 16:00 – 17:30, Rm. 4-60 Statistical Analysis of Efficiency Session Chair: Paul Wilson Optimal Bandwidth Selection for Conditional Efficiency Measures: A Data Driven Approach Luiza Badin, Cinzia Daraio, Léopold Simar On the Robustness of Estimated Efficiencies: A Nonparametric Analysis of Deterministic and Stochastic Frontier Based Estimates Emili Tortosa-Ausina, Carlos Martins-Filho A Monte Carlo Study of Efficiency Estimates from Frontier Models William Horrace, Seth Richards New Technologies and DEA Models Based on Revised RTS Assumptions Victor Podinovski Session FD5: 16:00 – 17:30, Rm. 5-140 Malmquist Indices Session Chair: Diego Prior The Dynamic of Total Factor Productivity in Tunisian Manufacturing Firms Thabet Khaled Efficient ranking and selection of decision policies by using DEA Chien-Ming Chen Ratio-directional Distance Functions and Malmquist Productivity Indexes Jesus T Pastor, Juan Aparicio Malmquist Productivity Index and Group-Grand Frontiers: An Alternative Decomposition and Empirical Application Mainak Majumder Friday, June 27: Session FE: 17:30 – 17:45 Session FE: 17:30 – 17:45, Rm. 2-60 Closing Remarks: Robin Sickles William Greene

Documents

napw cover Conference Program - New York Universityweb-docs.stern.nyu.edu/old_web/economics/docs/NAPW... · Room 3-50 Economic Efficiency and a Metafrontier Analysis of Lowlands in