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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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Efficient cooperation by exchanging favors
Olszewski, Wojciech; Safronov, Mikhail - In: Theoretical economics : TE ; an open access journal in … 13 (2018) 3, pp. 1191-1231
We study chip-strategy equilibria in two-player repeated games. Intuitively, in these equilibria players exchange favors by taking individually suboptimal actions if these actions create a "gain" for the opponent larger than the player's "loss" from taking them. In exchange, the player who...
Persistent link: https://www.econbiz.de/10011937311
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A data envelopment analysis method for finding robust and cost-efficient schedules in multimode projects
Schmidt, Klaus Werner; Hazır, Öncü - In: IEEE transactions on engineering management : EM 67 (2020) 2, pp. 414-429
Persistent link: https://www.econbiz.de/10012422612
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Evaluation of bank efficiency by considering the uncertainty of nonperforming loans
Li, Xingchen; Xu, Guangcheng; Wu, Jie; Xu, Chengzhen; … - In: Omega : the international journal of management science 126 (2024), pp. 1-14
Persistent link: https://www.econbiz.de/10014534207
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Estimating Inefficiency in Online Auctions
Hirose, Yohsuke - 2020
empirical example, we use eBay PlayStation 3 auctions held in 2009. We find that the efficiency loss is over $30 for more than 5 …
Persistent link: https://www.econbiz.de/10012839165
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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
We propose a difference-in-differences (DiD) approach to estimate the impact of incentives on cost reduction. We show … 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
We propose a difference-in-differences (DiD) approach to estimate the impact of incentives on cost reduction. We show … 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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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