This paper describes the efficiency of Dutch hospitals using the method of Data Envelopment Analysis (DEA). In particular the analysis focuses on explaining cost inefficiency measures due to each hospital's operating environment. In previous works, the resulting DEA score is regressed on environmental factors via a Tobit approach. Previously, these approaches have been used (Simar and Wilson, J...

This study uses a sample of 30 banks (4 public, 18 local private and 8 foreign banks) and two stage Data Envelopment Analysis (DEA) to provide evidence on the impact of macroeconomic and bank specific factors on banks’ efficiency. We first use DEA to estimate technical and scale efficiency and then Tobit regression approach to find out the impact of several bank-specific and macroeconomic facto...

This paper derives consistent standard errors for a panel Tobit model in the presence of correlated errors. The problem is framed in the context of Newey and West (1987), considering the Tobit model as a special case of a GMM estimator. JEL codes: C23, C24

..........................................................................................................73 Introduction .....................................................................................................74 Methods ..........................................................................................................78 Participants and Data Collection ........................

This paper uses Data Envelopment Analysis to measure scale and technical efficiencies of 925 farms in rural Colombia and a Tobit model to identify the effects of land market characteristics on efficiency. Findings indicate that although larger farms are more scale efficient, they are not more technical efficient than small farms. Participation in land markets increases technical efficiency, ind...

This paper aims to evaluate the operating efficiency of e-market for exploring the efficiency-oriented critical drivers on the development of e-market. A hybrid approach consisting of data envelopment analysis (DEA) and bootstrapped Tobit regression analysis is adopted. The efficiency of forty-three emarkets is investigated with respect to their respective overall efficiency, technical efficien...

It is not unusual for the response variable in a regression model to be subject to censoring or truncation. Tobit regression models are specific examples of such a situation, where for some observations the observed response is not the actual response, but the censoring value (often zero), and an indicator that censoring (from below) has occurred. It is well-known that the maximum likelihood es...