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This report examines selected work arrangements and assesses their implications for the performance of meat processing enterprises. The effects on employees are also considered, and the scope to achieve further necessary change is analysed. The study has drawn on information obtained from...
Persistent link: https://www.econbiz.de/10005561801
Undesirable outputs are often produced together with desirable outputs. This joint production of good and bad outputs brings about a difficulty for productivity measurement. Here we introduce a directional distance function and use it as a component in a new productivity index. This index, as an...
Persistent link: https://www.econbiz.de/10005077056
Reply to professor Vanek's comment on Bogetic's paper in the same issue of the Economic Analysis and Workers' Management.
Persistent link: https://www.econbiz.de/10005077059
I show that the Pigovian solution to a simple externalities problem and a particular Coasian solution can be viewed as competitive equilibria from different initial endowments. I also describe the ``compensation mechanism,'' a mechanism that implements either the Coasian or Pigovian solution as...
Persistent link: https://www.econbiz.de/10005077060
This paper studies efficient and egalitarian allocations over a single heterogeneous and infinitely divisible good. We prove the existence of such allocations using only measure-theoretic arguments. Under the additional assumption of complete information, we identify a sufficient condition on...
Persistent link: https://www.econbiz.de/10005077064
We analyze three sets of income data: the US Panel Study of Income Dynamics (PSID), the British Household Panel Survey (BHPS), and the German Socio-Economic Panel (GSOEP). It is shown that the empirical income distribution is consistent with a two-parameter lognormal function for the low-middle...
Persistent link: https://www.econbiz.de/10005077069
Models of household consumption used to estimate the relative needs of people living in different family types need to … take account of economies of household size, price-like substitution effects and the allocation of consumption among the … fashion. Partly because of this, consumption-based estimates of consumer equivalence scales have had little direct application …
Persistent link: https://www.econbiz.de/10005077071
We investigate the shape of the Italian personal income distribution using microdata from the Survey on Household Income and Wealth, made publicly available by the Bank of Italy for the years 1977-2002. We find that the upper tail of the distribution is consistent with a Pareto power-law type...
Persistent link: https://www.econbiz.de/10005077072
In this note I show that pratically any increasing function is the equilibrium bidding function of a symmetric first-price auction. It is like a Sonnenschein-Mantel-Debreu for auctions
Persistent link: https://www.econbiz.de/10005077074
realization (household consumption and giving to friends and relatives; production in-farm consumption; additional processing in …
Persistent link: https://www.econbiz.de/10005077080