Technical Efficiency of Road Haulage Firms
This study justifies the contemporary importance of efficiency analysis. We put forward the theoretical concepts of technical, allocative, and economic efficiency. We then tackle problems of an empirical nature. In this way, different ways of measuring efficiency are presented, with their main disadvantages. To finish, a theoretical application is presented for haulage firms operating in Spanish roads in six different sub-sectors with panel data.
KeywordsPanel Data Technical Efficiency Stochastic Frontier Production Frontier Technical Inefficiency
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