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Asymétries d'information et richesse immatérielle de l'entreprise

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  • Philippe Gagnepain
  • Marc Ivaldi

Abstract

[eng] Econometricians working on stochastic production and cost frontiers have been interested in estimating the inefficiency of firms. At the same time, economists have considered problems of asymmetric information arising in the contractual relationships between principals and agents. This article is an attempt to make these two approaches to coincide. We propose to construct structural frontiers where the global inefficiency term is partly endogenous and depends on the economic constraints impinging on the activity of a producer. We illustrate our methodology with data on the French urban transport regulation. [fre] Les économètres ont estimé des frontières de coût et de production afin d'évaluer l'inefficacité des entreprises. En parallèle, les économistes ont considéré des problèmes d'information asymétrique dans les relations contractuelles entre des principaux et des agents. Cet article propose de faire coïncider ces deux approches. On y construit des frontières structurelles où le terme d'inefficacité est en partie endogène et dépend des contraintes économiques qui pèsent sur l'activité d'un producteur. Des données sur la régulation du transport urbain en France sont utilisées afin d'illustrer notre méthode.

Suggested Citation

  • Philippe Gagnepain & Marc Ivaldi, 2002. "Asymétries d'information et richesse immatérielle de l'entreprise," Revue Française d'Économie, Programme National Persée, vol. 16(3), pages 129-153.
    • Handle: RePEc:prs:rfreco:rfeco_0769-0479_2002_num_16_3_1516
    DOI: 10.3406/rfeco.2002.1516
    Note: DOI:10.3406/rfeco.2002.1516
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    References listed on IDEAS

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    1. Philippe Gagnepain & Marc Ivaldi, 2002. "Stochastic Frontiers and Asymmetric Information Models," Journal of Productivity Analysis, Springer, vol. 18(2), pages 145-159, September.
    2. Jondrow, James & Knox Lovell, C. A. & Materov, Ivan S. & Schmidt, Peter, 1982. "On the estimation of technical inefficiency in the stochastic frontier production function model," Journal of Econometrics, Elsevier, vol. 19(2-3), pages 233-238, August.
    3. Frank A. Wolak, 1994. "An Econometric Analysis of the Asymmetric Information, Regulator-Utility Interaction," Annals of Economics and Statistics, GENES, issue 34, pages 1-12.
    4. Dag Morten Dalen & Gomez-Lobo, Gomez-Lobo, 1996. "Regulation and incentive contracts: An empirical investigation of the Norwegian bus transport industry," IFS Working Papers W96/08, Institute for Fiscal Studies.
    5. repec:adr:anecst:y:1994:i:34:p:02 is not listed on IDEAS
    6. Gasmi, F & Laffont, Jean-Jacques & Sharkey, W W, 1997. "Incentive Regulation and the Cost Structure of the Local Telephone Exchange Network," Journal of Regulatory Economics, Springer, vol. 12(1), pages 5-25, July.
    7. Aigner, Dennis & Lovell, C. A. Knox & Schmidt, Peter, 1977. "Formulation and estimation of stochastic frontier production function models," Journal of Econometrics, Elsevier, vol. 6(1), pages 21-37, July.
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