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The first Danish exchange for sugar beet contracts was established in January 2008. It was also the world’s first major application of a particular new technology, secure multiparty computation (SMC), which ensures the security and cost-effectiveness of such exchanges. The technology can also...
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We discuss the allocative efficiency of the market for the so-called Payment Entitlements that resulted from EU regulation no 796/2004 of the European agricultural policy. In particular we consider the existing market in Denmark and discuss the design of an allocative efficient auction market....
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The recent nancial crisis highlighted how banks' funding and investment portfolios are associated with their risk taking. In a "normal" DEA banking efficiency model this risk element, embedded in banks' business models, is indicated by possibly inappropriate mixes of funding portfolio and/or...
Persistent link: https://www.econbiz.de/10010585857
This paper analyses the productive efficiency of 141 public hospitals from 1998-2004 in two Canadian provinces; one a small province with a few small cities and a generally more rural population and the other a large province that is more urban in nature, with a population who mainly live in...
Persistent link: https://www.econbiz.de/10010586213
We suggest a market design for rapid demand response in electricity markets. The solution consists of remotely controlled switches, meters, forecasting models as well as a flexible auction market to set prices and select endusers job by job. The auction market motivates truth-telling and makes...
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