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Suppose a seller wants to sell k similar or identical objects and there are n k potential buyers. Suppose that each buyer wants only one object. In this case, we suggest the use of a simultaneous auction that would work as follows. Players are asked to submit sealed bids for one object. The...
Persistent link: https://www.econbiz.de/10009447873
theory suggest that they work against efficiency when membership grows too diffuse. To address this issue, this study uses a …
Persistent link: https://www.econbiz.de/10009429048
This article examines the economic impacts of policy alternatives for addressing allocative inefficiencies among agricultural, urban, and environmental uses of federal water. The Central Valley Project Improvement Act, composed of multiple incentive-based and command-and-control policies, forms...
Persistent link: https://www.econbiz.de/10009429544
productivity growth, and production efficiency improvement. In addition, this paper incorporates the quality of inputs in analyzing …
Persistent link: https://www.econbiz.de/10009429952
allocative efficiency more quickly. …
Persistent link: https://www.econbiz.de/10009430013
This study of the wholesale electricity market compares the efficiency performance of the auction mechanism currently … of the current auction with respect to efficiency is not that obvious. We present a case where the proposed auction … outperforms the current mechanism on efficiency even if all offers reflect true production costs. We also find that a market …
Persistent link: https://www.econbiz.de/10009430170
. Efficiency concerns about this proposal have relied on the assumption of true production cost revelation. Using an experimental … two auctions perform similarly in terms of procurement cost and efficiency. Surprisingly, I do not find a substantial …
Persistent link: https://www.econbiz.de/10009430230
In n-agent exchange economies, we show that all efficient and continuous rules are "diagonally dictatorial" over the restricted domain of linear preferences and, in the 2-good case, over the domain of homothetic preferences. The diagonal dictator receives the entire endowment whenever all agents...
Persistent link: https://www.econbiz.de/10009430947
organizational performance efficiency is paramount. It is an especially pressing need for CHCs' because they carry a disproportionate … study is to benchmark CHC performance in terms of technical and cost efficiency, and examine factors that affect its … in CHCs' technical and cost efficiency yielded inconsistent results. A declining trend in technical efficiency scores …
Persistent link: https://www.econbiz.de/10009431085
Stakeholders Trust. * Theme 2. Focus on Short-Term Efficiency - Cost Containment and Implementation. * Theme 3. Largest Destruction …
Persistent link: https://www.econbiz.de/10009432110