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We study Bayesian mechanism design in situations where agents' information may be multi-dimensional, concentrating on mechanisms that lead to efficient allocations. Our main result is that a generalization of the well-known Vickrey-Clarke-Groves mechanism maximizes the planner's "revenue'' among...
Persistent link: https://www.econbiz.de/10005118596
technology and the importance of technical and allocative efficiency. We show that the diversity of factor choices in not due to … differentials could be levelled out, substantial gains thorough improvements in allocative efficiency would be possible. …
Persistent link: https://www.econbiz.de/10005118707
account we focus on its relation resources/products and on the concept of efficiency as one of the components of the …
Persistent link: https://www.econbiz.de/10005118893
This paper analyses the problem of natural resource scarcity and its implications for economic development and international cooperation. We examine the meaning and measurement of resource “scarcity” and its implications for economic growth and development. The paper describes the conditions...
Persistent link: https://www.econbiz.de/10005118916
The development of competitive and efficient agricultural structures has been one of the central goals of agricultural policy making in addition to ensuring a fair standard of living for farmers. To achieve these goals, the agricultural sector in most industrialised nations has long been the...
Persistent link: https://www.econbiz.de/10005118932
regression framework, on the basis of the trade-off betewen robustness and efficiency. An economic example is provided to …
Persistent link: https://www.econbiz.de/10005119155
Along with financial markets growth, the amplitude of settlements through payment systems has continuously increased. At the same time, it is necessary to be correlated with the need of streamline of noncash payments and with clients’ demands to transfer sure, efficient and low-cost amounts of...
Persistent link: https://www.econbiz.de/10005120960
the increase of labour efficiency, through this the bases of economic development on a medium and long term being put. It …
Persistent link: https://www.econbiz.de/10005120963
In this paper we provide a simple general equilibrium model with public investment and distorting taxes. First, we obtain the optimality conditions for public investment provision under different tax systems. Also we discuss whether tax revenue is increased by the complementary between...
Persistent link: https://www.econbiz.de/10005121311
En el presente trabajo se realiza una revisión de los métodos que tienen en consideración variables de entorno para la análisis de eficiencia mediante métodos frontera. Se propone además un nuevo método de tres etapas que supone una continuación del propuesto por Charnes, Cooper y Rhodes...
Persistent link: https://www.econbiz.de/10005121323