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that increased competition leads to increases in technical efficiency. In the present paper, this issue is addressed … that competition may in some cases improve efficiency they do not imply that free market policies will maximise welfare … uncritical acceptance of economically unsound policies proposed in the name of competition. …
Persistent link: https://www.econbiz.de/10009447973
Behavioural economics draws upon fieldwork, experiments and research in disciplines such as psychology for building blocks to construct economic analysis that is more descriptively realistic and both augments and qualifies traditional economics as a tool for designing policy. Though behavioural...
Persistent link: https://www.econbiz.de/10009447867
Implementation of financial incentive mechanisms in the contractual arrangements of a construction project can impact significantly on the motivation of contractors and hence project performance. Positive incentives (as a component of the project delivery strategy) aim to motivate contractors to...
Persistent link: https://www.econbiz.de/10009437675
This article investigates the relationship between optimal gear selectivity and effort cost in the fishing industry. We … first show that optimal selectivity depends negatively on the level of effort cost, but that this relationship is not … continuous. Optimal selectivity switches when real effort cost goes beyond a certain level, and this switch induces a non …
Persistent link: https://www.econbiz.de/10009443711
This paper presents a model analyzing the potential for an International Court with powers to declare standstills to mitigate the coordination problem inherent to roll-overs in sovereign debt markets. It is shown that, regardless of the quality of the information handled by such an Institution,...
Persistent link: https://www.econbiz.de/10012530148
neighbours are subject to similar environmental conditions, but the confounding influence of competition was also observed over …
Persistent link: https://www.econbiz.de/10009448357
Purpose - This paper evaluates the comparative progress of Asda in the UK since its surprise takeover by Wal-Mart in 1999. Wal-Mart expected to become the #1 retailer in the UK and many commentators saw massive problems ahead for local retailers. These expectations were not met; this paper...
Persistent link: https://www.econbiz.de/10009465849
We investigate the situation where a customer experiencing an inventory stockout at a retailer potentially leaves the firm's market. In classical inventory theory, a unit stockout penalty cost has been used as a surrogate to mimic the economic effect of such a departure; in this study, we...
Persistent link: https://www.econbiz.de/10009431041
In this study the nature and extent of efficiency and productivity growth in deposit-taking institutions is investigated using nonparametric frontier techniques. Employing Malmquist indices, productivity growth is decomposed into technical efficiency change and technological change for a sample...
Persistent link: https://www.econbiz.de/10009437475
The current study was motivated by statements made by the Economic Strategies Committee that Singapore’s recent productivity levels in services were well below countries such as the US, Japan and Hong Kong. Massive employment of foreign workers was cited as the reason for poor productivity...
Persistent link: https://www.econbiz.de/10009438295