IDEAS home Printed from https://ideas.repec.org/a/taf/defpea/v25y2014i1p23-38.html
   My bibliography  Save this article

Market Structure and Technical Efficiency of Spanish Defense Contractors

Author

Listed:
  • Néstor Duch-Brown
  • Antonio Fonfría
  • Elisa Trujillo-Baute

Abstract

This paper uses an output-oriented stochastic distance function to compute defense contractors' technical efficiency as a measure of performance. Then, nesting a market structure and conduct equation into the frontier, we identify firm and industry factors that affect the observed inefficiency levels. The empirical results confirm that there exist multi-directional causal correlations among market structure, conduct, and performance of defense contractors. In addition, the paper shows that there exists a great variability among the different sectors that compose the defense industrial base. Therefore, policies oriented to influence the industry must take into account the multi-directional causal relation among its components.

Suggested Citation

  • Néstor Duch-Brown & Antonio Fonfría & Elisa Trujillo-Baute, 2014. "Market Structure and Technical Efficiency of Spanish Defense Contractors," Defence and Peace Economics, Taylor & Francis Journals, vol. 25(1), pages 23-38, February.
  • Handle: RePEc:taf:defpea:v:25:y:2014:i:1:p:23-38
    DOI: 10.1080/10242694.2013.857461
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1080/10242694.2013.857461
    Download Restriction: Access to full text is restricted to subscribers.

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Fulvio Castellacci & Arne Fevolden, 2014. "Capable Companies or Changing Markets? Explaining the Export Performance of Firms in the Defence Industry," Defence and Peace Economics, Taylor & Francis Journals, vol. 25(6), pages 549-575, December.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Statistics

    Access and download statistics

    Corrections

    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:taf:defpea:v:25:y:2014:i:1:p:23-38. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Chris Longhurst). General contact details of provider: http://www.tandfonline.com/GDPE20 .

    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 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.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.