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diversity would lead to higher technical efficiency in agriculture via investment and thereby to higher household incomes …
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efficiency (misallocation) costs of a tax system tend to rise geometrically with the marginal tax rate, a massive reduction in …
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We study the implementation of constrained-efficient allocations in labour markets where a basic coordination problem leads to an equilibrium matching function. We argue that these allocations can be achieved in equilibrium if wages are determined by ex post bidding. This holds true even in...
Persistent link: https://www.econbiz.de/10005561074
costs are endogenized by linking them to current efficiency. The effect of this interchangeability of skills is studied in … likely to crowd out efficient ones when the relationship between current efficiency and opportunity costs is strong, and when …
Persistent link: https://www.econbiz.de/10005561413
We investigate the effect of institutions on efficiency of training markets. After setting up a theoretical … institutional framework that shows how institutions affect efficiency, we apply this framework to the real world. An empirical … analysis of institutions affecting training markets will enable us to determine the institutional efficiency of these markets …
Persistent link: https://www.econbiz.de/10005561540
This paper focuses on Stochastic Dominance (SD) efficiency in a finite empirical panel data. We analytically …. Using these insights, we develop simple Linear Programming and 0-1 Mixed Integer Linear Programming tests of SD efficiency …. The advantage to the earlier efficiency tests is that the proposed approach explicitly accounts for diversification …
Persistent link: https://www.econbiz.de/10005561692