Showing 1 - 10 of 41
Total Factor Productivity (TFP)is often used on the macro-economic level as an indicator of changes in efficiency of a … increasing and become positive after a (quite a) few years of transition. Many authors conclude that this is a gain in efficiency … increases in efficiency. To investigate this, the mathematical properties of TFP are analysed in order to generate new insights …
Persistent link: https://www.econbiz.de/10011346474
We consider the efficiency of Cournot and Bertrand equilibria in a duopoly with substitutable goods where firms invest …
Persistent link: https://www.econbiz.de/10011373823
Much attention has been paid to the influence of the institutional form of waste collection on costs. We extend this literature in three directions by including the unit-based pricing system. First, we show that unit-based pricing systems are more important from a cost-minimizing point of view...
Persistent link: https://www.econbiz.de/10010226974
Productivity across European regions is related to three types of networks that mediate R&D-related knowledge … co-patenting relations appear to affect local productivity directly, regions that link up to innovative leader regions … via imports gain in productivity only when they have relatively high levels of human capital and absorptive capacity. From …
Persistent link: https://www.econbiz.de/10011772896
Persistent link: https://www.econbiz.de/10000902272
This paper introduces the Werden-Froeb Index (WFI) to assist in evaluating merger-specific efficiencies in horizontal mergers. The index measures the weighted average reduction in marginal costs required to restore pre-merger equilibrium prices and quantities after the (full or partial) merger...
Persistent link: https://www.econbiz.de/10011349182
We provide a nonparametric revealed preference approach to demand analysis based on homothetic efficiency … homothetic efficiency of consumption choices. It generalises Heufer's (2013) two-dimensional concept to arbitrary dimensions and …
Persistent link: https://www.econbiz.de/10010532589
Should education be subsidized for the purpose of redistribution? The usual argument against subsidies to education above the primary level is that the rich take up most education, so a subsidy would increase inequality. We show that there is a counteracting effect: an increase in the stock of...
Persistent link: https://www.econbiz.de/10011317437
convexity and efficient set characterization results on SD efficiency of a given portfolio relative to adiversified set of … Post (2003) and expand the SSD efficiency criteriadeveloped by Dybvig and Ross (1982) onto the Third Order Stochastic …
Persistent link: https://www.econbiz.de/10011379506
Persistent link: https://www.econbiz.de/10001611751