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We consider the efficiency of Cournot and Bertrand equilibria in a duopoly with substitutable goods where firms invest …
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Much attention has been paid to the influence of the institutional form of waste collection on costs. We extend this literature in three directions by including the unit-based pricing system. First, we show that unit-based pricing systems are more important from a cost-minimizing point of view...
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This paper concentrates on negatively skewed one-sided distributions as an explanation of the occurrence of positive (negative) skewness in the case of stochastic production (cost) frontieranalysis. It takes as example the binomial distribution that can have negative or positive skewand derives...
Persistent link: https://www.econbiz.de/10011326413
-environment-economic efficiency policy, in which a compromise has to be found between a sufficient supply of energy resources, the development of low … the efficiency frontier surface (in contrast to the standard radial movement, leading to a uniform proportional input … reduction – or uniform proportional output increase); (ii) the incorporation of preference-based (PB) adjustments in efficiency …
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This paper introduces the Werden-Froeb Index (WFI) to assist in evaluating merger-specific efficiencies in horizontal mergers. The index measures the weighted average reduction in marginal costs required to restore pre-merger equilibrium prices and quantities after the (full or partial) merger...
Persistent link: https://www.econbiz.de/10011349182
Should education be subsidized for the purpose of redistribution? The usual argument against subsidies to education above the primary level is that the rich take up most education, so a subsidy would increase inequality. We show that there is a counteracting effect: an increase in the stock of...
Persistent link: https://www.econbiz.de/10011317437