This paper examines the efficiency of a decentralized equilibrium in a broad class of random-search job-ladder models …

to explore the sources of the productivity change. In summary, technical change and efficiency change are two of the most … shocks also caused downturns in the early and mid 90s. On the other hand, demand shocks captured by the efficiency change …

This paper discusses efficiency considerations underlying the widespread exemption of food from sales and value added … (including labour). On efficiency grounds, the exemption of food in sales and value added taxes …

-sharing that improves efficiency …

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 …

efficiency arising from the reallocation of resources, which can be measured via changes in factor income shares. We derive a … operationalize our non-parametric results and show that improvements in allocative efficiency account for about 50% of measured TFP …

of developed and developing countries show general problems with the efficiency of resource usage similar to those found …