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Efficiency and Environmental Impacts of Electricity Restructuring on Coal-Fired Power Plants

Chan, H. Ron; Fell, Harrison; Lange, Ian A.; Li, Shanjun - 2013

We investigate the impacts of electricity market restructuring on fuel efficiency, utilization and, new to this area … without. Our analysis finds that restructuring led to: (1) a two percent improvement in fuel efficiency for IOs, (2) a ten …

Persistent link: https://www.econbiz.de/10010292700

To Pool or not to Pool: Revisited

Pesaran, M. Hashem; Zhou, Qiankun - 2015

This paper provides a new comparative analysis of pooled least squares and fixed effects estimators of the slope coefficients in the case of panel data models when the time dimension (T) is fixed while the cross section dimension (N) is allowed to increase without bounds. The individual effects...

Persistent link: https://www.econbiz.de/10011307081

Efficiency and Labor Market Dynamics in a Model of Labor Selection

Chugh, Sanjay K.; Merkl, Christian - 2015

This paper characterizes efficient labor-market allocations in a labor selection model. The model’s crucial aspect is cross-sectional heterogeneity for new job contacts, which leads to an endogenous selection threshold for new hires. With cross-sectional dispersion calibrated to microeconomic...

Persistent link: https://www.econbiz.de/10011307140

Language Rights - A Welfare-Economics Approach

Wickström, Bengt-Arne - 2015

determination of an optimal rights structure results. It is further shown that an efficiency analysis based on a ‘naive’ cost …

Persistent link: https://www.econbiz.de/10011388168

Household Formation and Markets

Gersbach, Hans; Haller, Hans; Konishi, Hideo - 2013

We consider competitive markets for multiple commodities with endogenous formation of one- or two-person households. Within each two-person household, externalities from the partner's commodity consumption and unpriced actions are allowed. Each individual has two types of traits: observable...

Persistent link: https://www.econbiz.de/10010323019

Efficiency-Morality Trade-Offs in Repugnant Transactions: A Choice Experiment

Elias, Julio; Lacetera, Nicola; Macis, Mario - 2016

Societies prohibit many transactions considered morally repugnant, although potentially efficiency-enhancing. We … conducted an online choice experiment to characterize preferences for the morality and efficiency of payments to kidney donors …

Persistent link: https://www.econbiz.de/10011555527

Pampered Bureaucracy, Political Stability, and Trade Integration

Stroup, Caleb; Zissimos, Benjamin - 2017

in turn inuences its economic efficiency. The environment we explore is one in which a country’s lower classes may revolt … economic efficiency. Trade integration alters the relative value of the elite’s wealth. This alters the lower classes … determines whether trade integration increases or reduces economic efficiency. The econometric findings support the model’s main …

Persistent link: https://www.econbiz.de/10011615926

How to Measure Research Efficiency in Higher Education? Research Grants vs. Publication Output

Gralka, Sabine; Wohlrabe, Klaus; Bornmann, Lutz - 2018

An ongoing debate in the literature on efficiency of higher education institutions concerns the indicator for research …. We show that there is a high correlation of efficiency values between the estimations using these indicators; however …

Persistent link: https://www.econbiz.de/10011872112

Optimal Fiscal Policy with Labor Selection

Chugh, Sanjay K.; Lechthaler, Wolfgang; Merkl, Christian - 2018

This paper characterizes long-run and short-run optimal fiscal policy in the labor selection framework. In a calibrated non-Ramsey decentralized equilibrium, labor market volatility is inefficient. Keeping fixed the structural parameters, the Ramsey government achieves efficient labor market...

Persistent link: https://www.econbiz.de/10011887380

The Role of Colleges within the Higher Education Sector

Eckwert, Bernhard; Zilcha, Itzhak - 2018

Over the past decades the college sectors in the higher education systems of many Western countries have expanded their capacities massively. This happened even though colleges have been at a competitive disadvantage with universities which are publicly subsidized, while colleges must...

Persistent link: https://www.econbiz.de/10011887395