Similar Search Results

Smoothness of the Policy Function in Growth Models with Recursive Preferences.

Gallego, A.M. - Departamento de Fundamentos del Análisis Económico, … - 1990

Persistent link: https://www.econbiz.de/10005479154

Efficient estimation for ergodic diffusions sampled at high frequency

Sørensen, Michael - School of Economics and Management, University of Aarhus - 2008

parameters in the drift coefficient, and for efficiency. The conditions turn out to be equal to those implying small delta …

Persistent link: https://www.econbiz.de/10005114125

Are Household Portfolios Efficient? An Analysis Conditional on Housing

Pelizzon, Loriana; Weber, Guglielmo - C.E.P.R. Discussion Papers - 2003

In this Paper we argue that standard tests of portfolio efficiency are biased because they neglect the existence of … adjusted, we argue that tests for portfolio efficiency of financial assets must then be run conditionally upon housing wealth … given and test for efficiency in this framework. Our empirical results support the view that the presence of illiquid wealth …

Persistent link: https://www.econbiz.de/10005114460

A Characterization of Plurality-Like Rules Based on Non-Manipulability, Restricted Efficiency, and Anonymity

Ju, Biung-Ghi - Department of Economics, University of Kansas - 2005

weak orderings¡±. We characterize a family of ¡°plurality-like¡± rules based on strategy-proofness, restricted efficiency … indifference. We also characterize a wide spectrum of rules dropping anonymity or restricted efficiency. …

Persistent link: https://www.econbiz.de/10005115536

Efficiency and Consistency for Locating Multiple Public Facilities

Ju, Biung-Ghi - Department of Economics, University of Kansas - 2005

In the problem of locating multiple public facilities studied by Barbera and Bevia (2002), we offer simple necessary and sufficient conditions for effciency, decentralizability of efficient decisions in a game of community division and local public goods provision, and a constructive algorithm...

Persistent link: https://www.econbiz.de/10005115539

Hazardous Facility Siting When Cost Information is Private: An Application of Multidimensional Mechanism Design

Waehrer, Keith - EconWPA - 1997

The siting of noxious facilities often involves externalities that extend beyond the border of the community selected as a site. Thus, the private information of each community is potentially a vector of costs comprising a cost for each of the possible sites. I characterize the conditions for...

Persistent link: https://www.econbiz.de/10005118594

Efficient Mechanism Design

Krishna, Vijay; Perry, Motty - EconWPA - 1997

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

Size and Efficiency in African Manufacturing Firms:Evidence from Firm-Level Panel Data

Söderbom, Måns; Teal, Francis - EconWPA - 2004

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

Análisis de la Eficiencia en el Sector de las Artes Escénicas: El Caso del ‘Circuït Teatral Valencià’ (1995-1999)

Marco-Serrano, Francisco - EconWPA - 2004

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

THE ECONOMICS OF NATURAL RESOURCE SCARCITY AND IMPLICATIONS FOR DEVELOPMENT POLICY AND INTERNATIONAL COOPERATION

Feige, Edgar L.; Blau, David M. - EconWPA - 2005

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