Wage Dispersion and Efficiency. It is often assumed that markets generate efficient allocations, but these are not … compensating differentials will increase both efficiency and fairness, quite in line with the classical position taken by Adam …

there is a tradeoff as to efficiency and inequality with respect to services that are contracted to private companies in a …

function with a timevariable stochastic efficiency term we show that positive scale and scope effects from a merger arise only … efficiency as the acquiring firms. For the post-merger phase, our empirical results provide no evidence for efficiency gains from …