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Firm and Industry Level Profit Efficiency Analysis Under Incomplete Price Data: A Nonparametric Approach based on Absolute and Uniform Shadow Prices
Kuosmanen, Timo; Kortelainen, Mika; Sipiläinen, Timo; … - EconWPA - 2005
We discuss the nonparametric approach to profit efficiency analysis at the firm and industry levels in the absence of complete price information, and propose two new insights. First, choosing one commodity (whose price is known) as a numeraire good enables us to measure profit inefficiency in...
Persistent link: https://www.econbiz.de/10005413294
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Data Envelopment Analysis in Environmental Valuation: Environmental Performance, Eco-efficiency and Cost-Benefit Analysis
Kuosmanen, Timo; Kortelainen, Mika - EconWPA - 2004
Data Envelopment Analysis (DEA) is a linear programming based method for evaluating performance of comparable production units such as firms. Although the method is already extensively applied in many areas of economics, its use in environmental economics and related fields remains limited. The...
Persistent link: https://www.econbiz.de/10005556149
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Eco-Efficiency Analysis of Consumer Durables Using Absolute Shadow Prices
Kortelainen, Mika; Kuosmanen, Timo - EconWPA - 2005
by an application to eco-efficiency evaluation of Sport Utility Vehicles. …
Persistent link: https://www.econbiz.de/10005556914
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ISH: Hacia una Medida de la Satisfacción de los Hogares desde el Punto de Vista de la Oferta de Trabajo.
Marcelo, Darwin; Villa, Juan Miguel - EconWPA - 2004
El estudio de las preferencias es uno de los temas menos tratados por la econometría aplicada. En el presente artículo se pretende realizar una aproximación translogarítimica de las preferencias por medio de la construcción de un Índice de Satisfacción de los Hogares (ISH) con base al...
Persistent link: https://www.econbiz.de/10005076523
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MRS. GANDHI GAVE NEW ECONOMIC APPROACHES
SUBRAMANIAM, DR. VSR. - EconWPA - 2004
Plenty of food, Sufficient clothing, Proper monitoring of the Key Socio- Economic factors, with commitment to Domestic Productivity were the Essence of the Administrative strategy of Mrs. Indira Gandhi (Late Prime Minister of India). These approaches could be critically related to the remarkable...
Persistent link: https://www.econbiz.de/10005076600
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History of consumer demand theory 1871-1971: A Neo-Kantian rational reconstruction
Moscati, Ivan - EconWPA - 2005
This paper examines the history of the neoclassical theory of consumer demand from 1871 to 1971 by bringing into play … the knowledge theory of the Marburg School, a Neo-Kantian philosophical movement. The work aims to show the usefulness of …
Persistent link: https://www.econbiz.de/10005076653
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Procrastination on Long-Term Projects
O'Donoghue, Ted; Rabin, Matthew - EconWPA - 2003
Previous papers on time-inconsistent procrastination assume projects are completed once begun. We develop a model in which a person chooses whether and when to complete each stage of a long-term project. In addition to procrastination in starting a project, a naive person might undertake costly...
Persistent link: https://www.econbiz.de/10005076661
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Risk Aversion and Expected-Utility Theory: A Calibration Theorem
Rabin, Matthew - EconWPA - 2001
paper provides a theorem showing that expected-utility theory is an utterly implausible explanation for appreciable risk … aversion over modest stakes: Within expected-utility theory, for any concave utility function, even very little risk aversion …Within the expected-utility framework, the only explanation for risk aversion is that the utility function for wealth …
Persistent link: https://www.econbiz.de/10005076662
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Stochastic demand correspondences and their aggregation properties
Alcantud, J. C. R. - EconWPA - 2003
Bandyopadhyay, Dasgupta and Pattanaik [JET, 2002] have presented a construction that aggregates standard demand functions by a stochastic demand function, in such way that the latter satisfies the weak axiom of stochastic revealed preference when the former fulfil Samuelson's weak axiom of...
Persistent link: https://www.econbiz.de/10005077063
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The Structure of Neoclassical Consumer Theory
Isaac, Alan G. - EconWPA - 1998
This paper offers an accessible introductory survey of the application of abstract choice theory to consumer theory. In … minimal structure of neoclassical consumer theory. (This structure is that Marshallian demand obeys the weak axiom of revealed … and claims that they have repeatedly, but incorrectly, associated with abstract choice theory. …
Persistent link: https://www.econbiz.de/10005077083