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corrected efficiency score correlates well with standard Growth Theory indicators. …, 2008). We propose a theory-based metric using Data Envelopment Analysis which corrects for sample bias and considers …
Persistent link: https://www.econbiz.de/10010211754
We use the new version of the GTAP-W model to analyze the economy-wide impacts of enhanced irrigation efficiency. The … to improvements in irrigation efficiency in water-stressed regions is not beneficial for all. For water-stressed regions … and mostly negative. Global water savings are achieved. Not only regions where irrigation efficiency changes are able to …
Persistent link: https://www.econbiz.de/10003732135
Persistent link: https://www.econbiz.de/10001748968
How can we explain the observed behavior of aggregate inflation in response to e.g. monetary policy changes? Mankiw and Reis (2002) have proposed sticky information as an alternative to Calvo sticky prices in order to model the conventional view that i) inflation reacts with delay and gradually...
Persistent link: https://www.econbiz.de/10003486735
Formulating a model which summarises transportation costs, uncertainty and price, we describe how a switch to ICT procurement can impact more readily procured services rather than materials. Uncertainty represents a catch-all factor describing the dovetailing of operations between two neither...
Persistent link: https://www.econbiz.de/10003864490
Models with heterogeneous interacting agents explain macro phenomena through interactions at the micro level. We propose genetic algorithms as a model for individual expectations to explain aggregate market phenomena. The model explains all stylized facts observed in aggregate price fluctuations...
Persistent link: https://www.econbiz.de/10003777257
This paper proposes a simple framework to model social preferences in a game theoretic framework which explicitly separates economic incentives from social (context) effects. It is argued that such a perspective makes it easier to analyse contextual effects. Moreover, the framework is used to...
Persistent link: https://www.econbiz.de/10010429811
Persistent link: https://www.econbiz.de/10002172064
We assess the determinants of the wide variation in the efficiency of foreign aid activities across US-based non …
Persistent link: https://www.econbiz.de/10003986963
This paper develops an efficiency theory of contingent trade policies. We model the competition for a domestic market …, justifying the use of contingent trade policy on efficiency grounds. Despite an environment of asymmetric information, contingent …
Persistent link: https://www.econbiz.de/10009762345