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efficiency-enhancing redistribution improves everyone’s welfare including the welfare of those whose labor finances the … ability to enhance efficiency through the direct enforcement of property rights. In this case, redistribution can make all …
Persistent link: https://www.econbiz.de/10005623542
This paper proposes a multi-sector matching model where workers have (symmetric) sector-specific skills and the search market is segmented by sector. Workers choose the range of markets they are willing to participate in. I identify a composition externality: workers do not take into account the...
Persistent link: https://www.econbiz.de/10005623548
One of the major objectives of the Common Agricultural Policy is the sustainable development of the agricultural sector and of the rural area. Romania, as a country recent integrated in the European Union, has to pass an adapting process to the CAP, in order to achieve sustainable farming...
Persistent link: https://www.econbiz.de/10005623562
We use game theory and the Santa Fe Artificial Stock Market, an agent-based model of an evolving stock market, to study the properties of strategic Nash equilibria in financial markets. We discover two things: there is a unique strategic equilibrium in the market, and this equilibrium in...
Persistent link: https://www.econbiz.de/10005623644
bank management to focus on improving efficiency, especially given the more competitive banking environment. In this paper …, employing the non-parametric DEA approach, we investigate whether the productive efficiency of European banking systems has … harmonisation. We also examine the determinants of European bank efficiency using a Tobit regression model approach. We then extend …
Persistent link: https://www.econbiz.de/10005623947
Persistent link: https://www.econbiz.de/10005625411
In this paper a theoretical framework is provided to link firm efficiency to product market competition. In particular … established between social efficiency and x-efficiency, whereby both are at their lowest level when firms can freely adjust size …
Persistent link: https://www.econbiz.de/10005625453
efficiency. Despite some improvements in short-run measures of cost efficiency, overall the fishing fleet still remains well …
Persistent link: https://www.econbiz.de/10005625562
Format changes are used by radio stations to reposition themselves in an attempt to improve performance. Evidence reported below indicates that the track record of such repositionings in improving performance improvements only when the shift is made to a trendy format.
Persistent link: https://www.econbiz.de/10005625644
learned about productivity, efficiency, and technology from the data used by both papers. The first set of issues are …
Persistent link: https://www.econbiz.de/10005625675