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Persistent link: https://www.econbiz.de/10008671402
Pérez-Castrillo and Wettstein (2002) propose a multi-bidding mechanism to determine a winner from a set of possible projects. The winning project is implemented and its surplus is shared among the agents. In the multi-bidding mechanism each agent announces a vector of bids, one for each...
Persistent link: https://www.econbiz.de/10008671540
concerning the efficiency of business cycle fluctuations, and it provides an unsatisfactory explanation of labor market and …
Persistent link: https://www.econbiz.de/10008671764
In this paper, we generalize the study of the return to education undertaken in e.g. Laing, Palivos and Wang (1995) or Burdett and Smith (2002) to an environment where the link between education and employment stability is taken into account. This enables us to study how an European-like and...
Persistent link: https://www.econbiz.de/10008671970
achieving risk-return efficiency. We first estimate the expected returns, risks, and financial distress risk proxy (the inverse … z-score), then apply the stochastic frontier analysis (SFA) to obtain the risk-return efficiency score for each bank …, and finally conduct ordered logit regressions of bank ratings on estimated risks, risk-return efficiency, and the inverse …
Persistent link: https://www.econbiz.de/10008673463
. Problems of resource use efficiency, role of markets, inter-linkages between markets and the emergence of institutions have all …
Persistent link: https://www.econbiz.de/10008673465
Commodity taxes have three distinct roles: (1) revenue collection, (2) interpersonal redistribution, and (3) resource allocation. The paper presents an integrated treatment of these three concerns in a second-best general equilibrium framework, which leads to the "generalized Ramsey rule" for...
Persistent link: https://www.econbiz.de/10008673467
Since the 1990s, efficiency and benchmarking analysis has increasingly been used in network utilities research and … average efficiency scores. …
Persistent link: https://www.econbiz.de/10008673576
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