efficiency tests. Reflections on the measurement of intrinsic value provide insight into the interpretation of existing evidence … and suggestions for generating new evidence on market efficiency. This review essay on the state of knowledge about market … efficiency focuses on "A Reappraisal of the Efficiency of Financial Markets", analyzing the research areas from this perspective …

This paper surveys recent developments in the theory of pareto efficient taxation. This literature attempts to …

production, as theory has hypothesized. The number of members in a group decreases both the quantity produced and the efficiency … arrangements on productive efficiency in medical group practices. The technique employed is two-stage production frontier … estimation. This technique provides direct estimates of productive efficiency and allows for differences across agents in ability …

In this paper, we derive a measure of the efficiency cost of taxing risky capital income …We were unable to find support for the argument in Bulow-Suinmers(1984) that the efficiency cost of taxing risky … that our measure implies a smaller efficiency cost than does the measure -sigma(s)T(s)E(deltaX(s)) …

benefits received. Indeed,the simulated efficiency gains are very large in comparison with those obtained from analyses of the …This paper examines the efficiency gains from linking marginal Social Security benefits to marginal Social Security … effective marginal federal government taxation of labor supply would average roughly 38 percent. Since the efficiency costs of …

This paper presents a new simulation methodology for determining the pure efficiency gains from tax reform along the … very large efficiency cost …

risk averse the greater the value of his portfolio. Finally, we note that the efficiency concept employed in this paper is …