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, without imposing assumptions on the (in)efficiency of labor rationing. Compared to a distributionally equivalent tax change, a …
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We explore the feasibility of a funded pension system with intergenerational risk sharing when participation in the …'s willingness to do so. We characterise equilibria with voluntary participation and show that the likelihood of their existence … increases with risk aversion and financial market uncertainty. We find that it is likely that mandatory participation is …
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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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We provide a nonparametric revealed preference approach to demand analysis based on homothetic efficiency … homothetic efficiency of consumption choices. It generalises Heufer's (2013) two-dimensional concept to arbitrary dimensions and …
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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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association started with a voluntary benchmarking aimed to increase the efficiency and effectiveness of the sector. Secondly … efficiency of these two evolutions. In particular, we adapt Free Disposal Hull (FDH) to estimate robust and conditional non …-oriented efficiency estimates. Parametric COLS (Fourier) tests show the robustness of the model with respect to the specification and its …
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