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Following Farrell's (1957) definitions of firm's technical and allocative efficiencies and the formulation of composite error stochastic frontier model by Aigner, Lovell and Schmidt (1977), a substantial amount of research work has been performed measuring firm's technical inefficiency using...
Persistent link: https://www.econbiz.de/10009477913
This thesis is in two parts. The first part is an extensive literature survey that summarizes and synthesizes several works on bureaucracy from sociology, business administration, and political science as well as economics, prominently featuring selections from Herbert Simon, Anthony Downs,...
Persistent link: https://www.econbiz.de/10009477914
The theoretical consensus supporting free trade has been challenged in the 1980s by new developments in trade theory …
Persistent link: https://www.econbiz.de/10009477943
In economic models in which agents are asymmetrically informed about the structural parameters of the economy the acquisition or manipulation of information plays a crucial role. The incentive to affect the flow of information is especially important in models in which choice variables, and...
Persistent link: https://www.econbiz.de/10009477959
The thesis consists of two parts. The first two essays deal with issues of infrequent trading of stocks, and the third essay concerns a contract called a right of first refusal (RFR). Based on the Beveridge and Nelson (1981, Journal of Monetary Economics) decomposition of an ARIMA process, the...
Persistent link: https://www.econbiz.de/10009477961
economics. In particular we trace the development of Keynes' thought regarding the integration on money and value theory in … and the General Theory in order to highlight the monetary theory of production, the role that money plays in the formation …
Persistent link: https://www.econbiz.de/10009480727
The objectives of this dissertation is to provide a theory of innovation and technological change incorporating the … technological externalities, in a Cournot Nash game theoretic framework. Process innovation theory has focused predominantly on … homogenous. Findings support the theory that both the noncooperative and the cooperative solution do not yield the socially …
Persistent link: https://www.econbiz.de/10009480731
Mathematical models of skin permeability play an important role in various ?elds including prediction of transdermal drug delivery and assessment of dermal exposure to industrial chemicals. Extensive research has been performed over the last several decades to yield predictions of skin...
Persistent link: https://www.econbiz.de/10009481306
reputation enhancement theory and goal setting theory. An overview of the theories of reputation enhancement and goal setting is …
Persistent link: https://www.econbiz.de/10009448059
We study the implications of loss aversion for trade policy determination and show how it allows us to explain a number of important and puzzling features of trade policy. An important question concerning trade policy is why a disproportionate share of protection goes to declining industries. We...
Persistent link: https://www.econbiz.de/10009450576