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This paper defines a decomposition of technical efficiency for a series of nonparametric deterministic reference … efficiency decomposition are illustrated with several data sets and contrasted with results based on the traditional, convex Data …
Persistent link: https://www.econbiz.de/10005478913
Persistent link: https://www.econbiz.de/10005478937
We argue that normative indices of multidimensional inequality do not only measure a distribution’s extent of inequity (i.e., the gaps between the better-off and the worse-off), but also its extent of inefficiency (i.e., the non-realized mutually beneficial exchanges of goods). We provide a...
Persistent link: https://www.econbiz.de/10010927727
We model problems of allocating disputed properties as generalized exchange economies in which agents have preferences and claims over multiple goods, and the social endowment of each good may not be sufficient to satisfy all individual claims. In this context, we investigate procedural and...
Persistent link: https://www.econbiz.de/10011228291
the impact of free trade on welfare and efficiency. First, contrary to the constant elasticity case, in which all gains … illustrate that free trade raises efficiency by reducing the gap between the equilibrium utility and the optimal utility. …
Persistent link: https://www.econbiz.de/10005042800
A set of agents with possibly different waiting costs have to receive the same service one after the other. Efficiency … not know agents’ waiting costs, they may have no incentive to reveal them. We identify the only rule satisfying Pareto-efficiency … that even non-single-valued rules satisfy Pareto-efficiency of queues and strategy-proofness if and only if they select …
Persistent link: https://www.econbiz.de/10005042819
measures of productive efficiency. Although the methodology is illustrated in terms of technical efficiency measured by output … efficiency scores is assumed to result from variation in empirical approximations to the true boundary of the production set. The … bootstrap procedure also corrects for bias inherent in non parametric efficiency estimators. …
Persistent link: https://www.econbiz.de/10005042969
In this paper we evaluate the financial performance of virtually all of the branch offices of a large European savings bank for a recent six-month accounting period. We employ a complementary pair of nonparametric techniques to evaluate their financial performance, in terms of their ability to...
Persistent link: https://www.econbiz.de/10005043322
If agents negotiate openly and form coalitions, can they reach efficient agreements? We address this issue within a class of coalition formation games with externalities where agents' preferences depend solely on the coalition structures they are associated with. We derive Ray and Vohra's (1997)...
Persistent link: https://www.econbiz.de/10005008436
further describe some important features of efficiency by characterizing the efficient distribution (and number) of policies … chosen from the policy space when their cost is small. It turns out that efficiency is achieved when the distribution of …
Persistent link: https://www.econbiz.de/10005008591