This paper evaluates product efficiency in the Spanish automobile market. We use non parametric frontier techniques in order to estimate product efficiency scores for each model. These scores reflect the minimum price for which each car could be sold, given the bundle of tangible features it...

Companies which wish to operate on the market must constantly discover and shape new potentials and abilities to create benefits that might ensure them long-term increase in efficiency and development. One of the ways to gain economic advantage is to reduce costs in all possible areas of their...

There is nothing new about the resurface on the debate of the expansion of the underground economy in times of crisis. It is a reiterated topic claiming that irregular practices in the economy are cushioning the social effects in times of economic depression. However, the extensive literature...

We consider a (pure) public goods provision problem with voluntary participation in a quasi-linear economy. We propose a new hybrid solution concept, the free-riding-proof core (FRP-Core), which endogenously determines a contribution group, public goods provision level, and how to share the...

In a moneyless market, a non storable, non transferable homogeneous commodity is reallocated between agents with single-peaked preferences. Agents are either suppliers or demanders. Transfers between a supplier and a demander are feasible only if they are linked, and the links form an arbitrary...

The prevalent affirmative action policy in school choice limits the number of admitted majority students to give minority students higher chances to attend their desired schools. There have been numerous efforts to reconcile affirmative action policies with celebrated matching mechanisms such as...

The German AMNOG healthcare reform includes a mandatory early-benefit-assessment (EBA) at launch. As per German social code, EBA is based on registration trials and includes evaluation of the patient-relevant effect of the new medicines compared to an appropriate comparator as defined by the...

The most important economic measures are monetary. They have many different names, are derived in different theories and employ different formulas; yet, they all attempt to do the same thing: to separate a change in nominal value into a 'real part' due to the changes in quantities and an...

In this paper the author proves that the Expected Net Future Value (ENFV) criterion can lead a risk neutral social planner to reject projects that increase expected utility. By contrast, the Expected Net Present Value (ENPV) rule correctly identifies the economic value of the project. While the...

Für den Ausgleich von Schwankungen der Stromnachfrage und des Stromangebotes aus erneuerbaren Energien sind Kraftwerke nötig, die auch in kritischen Situationen sicher zur Verfügung stehen. Es wird diskutiert, ob der liberalisierte Strommarkt in der Lage ist, ausreichende Investitionen...