March 2012
WORKING PAPER SERIES
2012-ECO-04
A decomposition of profit inefficiency into
price expectation error, preferences towards
risk and technical inefficiency
Jean-Philippe Boussemart
IESEG School of Management (LEM-CNRS) and University Lille 3
David Crainich
CNRS-LEM (UMR 8179) and IESEG School of Management
Hervé Leleu
CNRS-LEM (UMR 8179) and IESEG School of Management
IESEG School of Management
Lille Catholic University
3, rue de la Digue
F-59000 Lille
www.ieseg.fr
Tel: 33(0)3 20 54 58 92
Fax: 33(0)3 20 57 48 55