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Environmental regulation of technically inefficient firms
Wichmann, Bruno - In: Economics Letters 121 (2013) 2, pp. 143-147
derive second-best regulatory schemes (tax and quota) assuming that the firm’s technical efficiency is unknown to the …
Persistent link: https://www.econbiz.de/10010709107
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Productive Versus Innovative Inefficiency in China's State Enterprises
Wu, Yanbing - 2015
This paper proposes the new hypothesis that the loss of innovative efficiency is greater than the loss of productive … efficiency in Chinese state-owned enterprises (SOEs). SOE reform in China has been able to achieve substantial improvements in … SOE productive efficiency by using supervision and incentive mechanisms to establish adequate symmetry between residual …
Persistent link: https://www.econbiz.de/10013011452
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Efficient Demonetization
Dixit, Shiv - 2020
What were the distributional consequences of the recent demonetization in India? Can the implementation of demonetization be improved to mitigate its distributional impact? This paper answers these questions using a dynamic contracting model featuring costly state verification and...
Persistent link: https://www.econbiz.de/10012853603
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Incentive regulation : evidence from German electricity networks
Hellwig, Michael; Schober, Dominik; Cabral, Luís M. B. - 2019 - This version: January 29, 2019
significant (about 10% of total cost) for firms in the upper quartile of the efficiency distribution, a pattern which is …
Persistent link: https://www.econbiz.de/10011971656
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Incentive regulation : evidence from German electricity networks
Hellwig, Michael; Schober, Dominik; Cabral, Luís M. B. - 2018
quartile of the efficiency distribution, a pattern which is consistent with the pooling of types under the threat of ratcheting. …
Persistent link: https://www.econbiz.de/10011795225
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Dissolving Multi-Partnerships Efficiently
Yenmez, M. Bumin - 2012
I study a market where agents with jointly owned heterogeneous goods trade subject to the constraint that each agent ends up with one good. In this market the existence of an efficient, incentive compatible, individually rational and budget balanced mechanism depends on the shares of the agents....
Persistent link: https://www.econbiz.de/10014048103
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Constrained Efficiency
Copic, Jernej - 2023
I define constrained efficient direct mechanisms as those that are not Pareto dominated within the set of direct mechanisms that satisfy some given feasibility constraints – incentive compatibility and other constraints. I show a standard equivalence with maximization of a social welfare...
Persistent link: https://www.econbiz.de/10014355860
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Regulation and cost efficiency in the European railways industry
Urdánoz, Miguel; Vibes, Catherine - In: Journal of productivity analysis 39 (2013) 3, pp. 217-230
Persistent link: https://www.econbiz.de/10009749980
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Separating equilibrium and persistent inefficiency
Kolpin, Van W. - In: International game theory review 14 (2012) 2, pp. 1-12
Persistent link: https://www.econbiz.de/10009709055
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Discount rates and energy efficiency
Howarth, Richard B. - In: Contemporary economic policy : a journal of Western … 13 (1995) 3, pp. 101-109
Persistent link: https://www.econbiz.de/10001186403