The transfer paradox describes a situation in which a transfer ofendowments between two agents results in a welfare decrease for therecipient and a welfare increase for the donor. It is known that ina two-agent regular exchange economy with an arbitrary number ofgoods, the transfer paradox...

We present necessary and sufficient revealed preference conditions to verify whether a finite data seton nonlinear budget sets is consistent with the maximization of a quasi–concave utility function. Ourresults can be used to test for convexity of the underlying preference relation. We also...

We develop a novel framework to analyze the structural implications of the marriage market for house-hold consumption patterns. We start by de…ning a revealed preference characterization of e¢ cient householdconsumption when the marriage is stable. In particular, stability means that the...

The implementation of Gary Beckers (1965) time allocation model is ham-pered by the fact that values of the di¤erent time uses are usually not observed.In practice, one often assumes that the value of time is uniform across time usesby using market wages. This approach implies a fundamental...

Understanding the factors that may impact how well universities are transforminga set of inputs into research outputs is of great interest for university andpublic authorities. The goal of this paper is on the one hand to measure the researchefficiencies of US universities and on the other hand...