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Benchmarking the production of audit services: An efficiency frontier approach

Schelleman, C; Maijoor, S - Maastricht : METEOR, Maastricht Research School of … - 2000

which economics oriented research has seen many applications. The application to auditing however is, as far as we know … auditing, economics; audit production, cost and labor efficiency, stochastic frontier estimation Data availability: The data … correspondence: Caren Schelleman, Maastricht University, Faculty of Economics and Business Administration, MARC, PO Box 616, 6200 MD …

Persistent link: https://www.econbiz.de/10005304902

Computing Equilibria in Finance Economies

Herings, P. Jean-Jacques; Kubler, Felix - Maastricht : METEOR, Maastricht Research School of … - 2002

The general equilibrium model with incomplete asset markets provides a unified framework for many problems in finance and macroeconomics. In its simplest version with only two time periods and a single physical commodity the model is ideally suited for the study of problems in cross sectional...

Persistent link: https://www.econbiz.de/10005304904

A Generalization Of The Shapley-Ichiishi Result And Its Application To Convex Games

Grahn, Sofia; Kuijpers, Jeroen; Vermeulen, Dries; … - Maastricht : METEOR, Maastricht Research School of … - 2003

In this paper we present a generalization of the Shapley-Ichiishi result for convex games to the class of all exact games. Then we discuss two applications to the class of convex games. First we show that it can indeed be used to give an alternative proof of the Shapley-Ichiishi result. Secondly...

Persistent link: https://www.econbiz.de/10005304909

A Dynamic Programming Algorithm for the ATM Network Installation Problem on a Tree

Leensel, R.L.M.J. van de; Flippo, O.E.; Koster, A.M.C.A. - Maastricht : METEOR, Maastricht Research School of … - 1998

This paper considers the ATM Network Installation Problem on a tree. To install such a communication network, decisions concerning the location of hardware devices, the capacity installation on links, and the routing of demands have to be made simultaneously. The problem is shown to be NP-hard....

Persistent link: https://www.econbiz.de/10005304913

Approximate CAPM When Preferences Are CRRA

Herings, P. Jean-Jacques; Kubler, Felix - Maastricht : METEOR, Maastricht Research School of … - 2003

In general equilibrium models of financial markets, the cpital asset pricing formula does not hold when agents have von Neumann-Morgenstern utility with constant relative risk aversion. In this paper we examine under which conditions on endownments and dividens the pricing formula provides a...

Persistent link: https://www.econbiz.de/10005304915

On the non-emptiness of the fuzzy core

Allouch, Nizar; Predtetchinski, Arkadi - Maastricht : METEOR, Maastricht Research School of … - 2005

The seminal contribution of Debreu-Scarf [4] connects the two concepts of core and competitive equilibrium in exchange economies. In effect, their core-equilibrium equivalence result states that, when the set of economic agents is replicated, the set of core allocations of the replica economy...

Persistent link: https://www.econbiz.de/10005304918

Experienced versus Decision Utility of Income: Relative or Absolute Happiness

Vendrik, Maarten; Hirata, Johannes - Maastricht : METEOR, Maastricht Research School of … - 2003

A central finding in happiness research is low correlations between income and happiness. This is paradoxical since most people seem to attach a high value to a rise in their income. The various versions of this paradox can be explained in terms of rising aspirations (Easterlin 2001) and...

Persistent link: https://www.econbiz.de/10005304919

The surprising place of cognitive psychology in the work of F.A. Hayek

Birner, Jack - Maastricht : METEOR, Maastricht Research School of … - 1995

earlier theory on perception and cognition play a part in his economics. The answer to this apparent anomaly lies in the … prominent role in the later development of his ideas. If Hayek''s psychology influenced his early economics, it did so …

Persistent link: https://www.econbiz.de/10005304920

A decade of combinatorial optimization

Aardal, Karen - Maastricht : METEOR, Maastricht Research School of … - 1997

This paper offers a brief overview of the developments in combinatorial optimization during the past decade. We discuss improvements in polynomial- time algorithms for problems on graphs and networks, and review the methodological and computational progress in linear and integer optimization....

Persistent link: https://www.econbiz.de/10005304923

Time-inconsistent Preferences in General Equilibrium

Herings, P. Jean-Jacques; Rohde, Kirsten I.M. - Maastricht : METEOR, Maastricht Research School of … - 2003

There is a growing body of research in economics that studies the consequences of time-inconsistent preferences. This …

Persistent link: https://www.econbiz.de/10005304932