Showing 1 - 10 of 3,128
Persistent link: https://www.econbiz.de/10014307906
This study argues that endowments can be efficient, both for a finite-lived and infinitely-lived agent. When the lost utility from forgone consumption is less than the discounted utility brought by the cash flows paid throughout the endowment, endowments are utility enhancing. Given that this...
Persistent link: https://www.econbiz.de/10012979506
This paper investigates the causal effect of public administration efficiency on firm-level productivity. To this … purpose, we combine newly available data from Italy on public administration efficiency of subnational governments with geo … administration efficiency and firm productivity because of large and persistent spatial disparities in economic performance and local …
Persistent link: https://www.econbiz.de/10012111119
pending question whether efficiency in the provision of public goods and services is affected by strategic behavior. I examine … how electoral cycles influence local government efficiency by using OLS fixed effects, event study, and instrumental … variable estimations in a large balanced panel of around 2,000 municipalities in the German state of Bavaria. Cost efficiency …
Persistent link: https://www.econbiz.de/10012663286
Persistent link: https://www.econbiz.de/10010405590
efficiency scores derived from stochastic frontier analysis. To correct for this heterogeneity in coefficients, I propose a …. This estimation has better goodness of fit, reduced variance of all coefficients, and higher efficiency scores for nearly …
Persistent link: https://www.econbiz.de/10011448121
entities. For this, regulators need to assess the scope for efficiency savings at such entities using historical and forecast … data. There is, however, a moral hazard in regulated companies revealing the full scope for efficiency savings because the … regulator can then incorporate them into ever more demanding efficiency savings in future. Relatedly, unduly demanding short …
Persistent link: https://www.econbiz.de/10013453607
This article studies socially optimal allocations, from the point of view of a benevolent social planner, in environments characterized by fixed resources, endogenous fertility, and full information. Individuals in our environment are fully rational and altruistic toward their descendants. Our...
Persistent link: https://www.econbiz.de/10012806950
A decline in poverty generally masks regional disparities that are due to varying efficiency among states. Using a … generalized true random-effects model, we distinguish between persistent and transient inefficiencies on subnational efficiency to … reduce poverty and its determinants in Bolivia. Our findings reveal that states differ in terms of efficiency, with some …
Persistent link: https://www.econbiz.de/10014486352
to suboptimal incentives. When a regulated firm compares the marginal change in its cost norm with its marginal cost of … that the eight-year catch-up period allowed in this regulation gives strong incentives to reduce costs since the firms can … the other hand, this scheme also provides very weak quality incentives since it takes eight years before the extra cost of …
Persistent link: https://www.econbiz.de/10012514429