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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...
Persistent link: https://www.econbiz.de/10010226974
Total Factor Productivity (TFP)is often used on the macro-economic level as an indicator of changes in efficiency of a … increasing and become positive after a (quite a) few years of transition. Many authors conclude that this is a gain in efficiency … increases in efficiency. To investigate this, the mathematical properties of TFP are analysed in order to generate new insights …
Persistent link: https://www.econbiz.de/10011346474
In this paper we study the allocation of workers over high and low productivity firms in a labor market with … and sending both to the low productivity sector. But, efficiency requires that they apply to both sectors because a higher … coordination frictions. Specifically, we consider a search model where workers can apply to high and or low productivity firms …
Persistent link: https://www.econbiz.de/10011348699
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A dynamic 'car-following' extension of the conventional economic model of traffic congestion is presented, which predicts the average cost function for trips in stationary states to be significantly different from the conventional average cost function derived from the speed-flow function. When...
Persistent link: https://www.econbiz.de/10011333879
Rail cost function analysis has been a popular topic in the (empirical) economics literature over the past decades. Most studies find increasing returns to density for rail companies. The results can, however, be quite diverse. Results for the Dutch National Railway company (NS), for instance,...
Persistent link: https://www.econbiz.de/10011334859
This paper argues that the conventional definition of the elasticity of complementarity is not well suited to deal with the case of increasing returns. It proposes a slightly different formula, that uses a distance function formulation instead of a production function. The proposed definition...
Persistent link: https://www.econbiz.de/10011337999
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health insurance. A premium subsidy had a persistent effect on enrollment that is more than four fifths of the immediate … subsidy persuaded those with higher initial willingness to pay to enroll and keep enrolling, while application assistance …
Persistent link: https://www.econbiz.de/10012122550