Showing 91 - 100 of 1,031
We apply recent results from the statistics literature to test for multimodality of worldwide distributions of several (unweighted and population-weighted) measures of labor productivity. Specifically, we employ Silverman (Bump) and Dip modality tests, calibrated to correct for their incorrect...
Persistent link: https://www.econbiz.de/10005764683
We distinguish between intended production and residual generation and introduce the concept of by-production. We show that by-production provides the fundamental explanation for the positive correlation that is observed between intended production and residual generation. Most of the existing...
Persistent link: https://www.econbiz.de/10008478880
We provide an axiomatic foundation for efficiency measurement in the full space, referred to as “graph efficiency” measurement by Färe, Grosskopf, and Lovell [1985]. We posit four types of axioms: indication, monotonicity, independence of units of measurement, and continuity. We analyze six...
Persistent link: https://www.econbiz.de/10004984671
Dmitruk and Koshevoy [1991 JET] provided a complete characterization of the class of technologies for which there exists an efficiency index satisfying the Fare-Lovell [1978 JET] axioms. The technologies implicit in the standard mathematical-programming methods of measuring efficiency, data...
Persistent link: https://www.econbiz.de/10005135158
The paper examines three extensively used propositions regarding changes in utility and social welfare attributable to small changes in consumption bundles. It is shown that, though these propositions are valid when the changes in consumption bundles are ``infinitesimally small,''' none of the...
Persistent link: https://www.econbiz.de/10005094599
Persistent link: https://www.econbiz.de/10005591885
This paper reports on the application of an econometric forecasting technique to a state (Hawaii) with a relatively simple revenue structure and sufficient data to permit the estimation of relationships which determine the bulk of state revenues. A thirty-equation model which determines excise,...
Persistent link: https://www.econbiz.de/10010686272
The paper examines three extensively used propositions regarding changes in utility and social welfare attributable to small changes in consumption bundles. It is shown that, though these propositions are valid when the changes in consumption bundles are ``infinitesimally small,''' none of the...
Persistent link: https://www.econbiz.de/10010629895
Distinguishing between intended ("good") production and unintended or residual ("bad") generation, we introduce the concept of by-production. In by-production technologies, pollution is an output that satises a "costly disposability" assumption and violates standard free disposability with...
Persistent link: https://www.econbiz.de/10008852505
Deals with a study that derived a labor-participation function from a simple probability model. Theoretical foundation of participation functions; Computation of the potential labor force; Response of the labor force to changing unemployment rates. (Abstract copyright EBSCO.)
Persistent link: https://www.econbiz.de/10005521819