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This paper develops an extension of the recursive core to the setting of overlapping coalitions. We show that the cooperative game theoretical traditional way of separating a deviant coalition from the game played by the ones left behind is no more satisfactory. We therefore introduce a new...
Persistent link: https://www.econbiz.de/10010942760
improving efficiency. …
Persistent link: https://www.econbiz.de/10005015310
Corporate finance theory predicts that firms' characteristics affect agency costs and hence their efficiency. Cummins … et al. (2006) have proposed a cost function specification that measures separately insurer efficiency in handling risk …. Independent agents and high capitalization reduce the cost efficiency of risk pooling. Certain characteristics such as being a …
Persistent link: https://www.econbiz.de/10005015328
We analyze collective choice procedures with respect to their rationalizability by means of profiles of individual preference orderings. A selection function is a generalization of a choice function where selected alternatives may depend on a reference (or status quo) alternative in addition to...
Persistent link: https://www.econbiz.de/10005353254
In a linear production model, we characterize the class of efficient and strategy-proof allocation functions, and the class of efficient and coalition strategy-proof allocation functions. In the former class, requiring equal treatment of equals allows us to identify a unique allocation function....
Persistent link: https://www.econbiz.de/10005353391
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This was a prospective study that compared, for each archivist, the time required to process records depending on whether a single or a dual monitor was used. We collected data for each archivist during her use of the single monitor for 40 hours and during her use of the dual monitor for 20...
Persistent link: https://www.econbiz.de/10008594408
production frontier against which the efficiency of students will be measured. Depending on the financing methods used, the … conclusions of this study show efficiency differences. …
Persistent link: https://www.econbiz.de/10008693096
study, we wish to demonstrate that efficiency in the utilization of public resources can have an incidence on HDI* scores … with differing levels of human development. We measure this efficiency using the Data Envelopment Analysis (DEA) method …. Relative efficiency in resource use is thus computed by comparing the countries in the study amongst themselves. …
Persistent link: https://www.econbiz.de/10008693097