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Using a club theory approach, this paper provides an equilibrium model in which traders must belong to at least one bourse in order to trade assets. We show, by means of examples, that: 1) traders’ complementarities in preferences and endowments can determine the formation of both large...
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technology, what benefits they have gained from the use, and the constraints encountered during the process. The quantitative … phone bill in a month. Increased efficiency in input delivery, market access, and output distribution were reported as some …
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The major aim of this paper is to model, estimate and compare the technical efficiency and technology gap ratios of … model is that it allows for the estimation of firms' efficiency in of various groups that might differ in technology and … analyse the difference in health care food efficiency across the various Australian regions. The interesting feature of this …
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Neoclassical analysis of the labor market and its institutions. A systematic development of the theory of labor supply, labor demand, and human capital. Topics discussed also include wage and employment determination, turnover, search, immigration, unemployment, equalizing differences, and...
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, have the potential to achieve growth through efficiency improvements and by adopting technology. Output growth in the … aggregate and sectoral gross domestic product is driven by input, without increasing efficiency in production or benefiting from … from shifts in technology. Countries experiencing input-driven growth in the secondary sector, such as Namibia and Eswatini …
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