UNSPECIFIED (1998) Technical efficiency and economies of scale in state owned enterprises: The Hellenic telecommunications organisation. EUROPEAN JOURNAL OF OPERATIONAL RESEARCH, 107 (1). pp. 62-75. ISSN 0377-2217

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Abstract

In this paper we propose methodologies for assessing the relative efficiency of state owned enterprises that operate under monopolistic conditions. Irrespective of the ownership structure (private or public) monopolistic operation is often given unclear/conflicting operating objectives by their principals or regulators and thus efficiency should be assessed using alternative objectives such as cost, production and revenue. On the methodological side the paper employs parametric functional forms using ordinary least squares and goal programming methods of estimation. A secondary estimation stage was also pursued with the input/output variables of the models being corrected for technical inefficiency. The methodology was applied to examine the technical efficiency and economies of scale of the Hellenic telecommunications organisation over the period 1971-1993. (C) 1998 Elsevier Science B.V.

Item Type:	Journal Article
Subjects:	H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management
Journal or Publication Title:	EUROPEAN JOURNAL OF OPERATIONAL RESEARCH
Publisher:	ELSEVIER SCIENCE BV
ISSN:	0377-2217
Date:	16 May 1998
Volume:	107
Number:	1
Number of Pages:	14
Page Range:	pp. 62-75
Publication Status:	Published
URI:	http://wrap.warwick.ac.uk/id/eprint/15704

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