Showing 1 - 10 of 22
In winner-take-all tournaments, agents' performance is determined jointly by effort and luck, and the top performer is rewarded. We study the impact of the ''shape of luck'' -- the details of the distribution of performance shocks -- on incentives in such settings. We are concerned with the...
Persistent link: https://www.econbiz.de/10013189045
estimate and predict product failures, thereby helping to improve maintenance operations. This paper describes a study in which … system maintenance and EOL processes were combined and closed-loop supply chain systems were constructed to analyze the …, maintenance cost, inspection cost, sales revenues, and profitability, were determined and a design of experiments study was …
Persistent link: https://www.econbiz.de/10015194755
continuation (maintenance) of organic farming, implemented in all but one of the EU Member States. Comprehensive data has been …
Persistent link: https://www.econbiz.de/10013413623
This paper provides novel evidence on the trade-off between public service delivery and free riding in low- and middle-income countries. We implement a field experiment in the slums of two major Indian cities, where inadequate access to sanitation restricts residents to either free ride, by...
Persistent link: https://www.econbiz.de/10013479040
This study explores the interaction between the quality of public services, the implementation of user fees, and the resulting potential for exclusion, that can lead to negative externalities. Our theoretical framework takes account of the possible externalities that result from excluded users...
Persistent link: https://www.econbiz.de/10014480497
We analyze the impact of obsolescence of economic inventions by incorporating maintenance costsin the endogenous growth … model of expanding product varieties. This contrasts with the existingliterature, which ignores maintenance costs and uses … the model of quality improvements todescribe obsolescence. If the maintenance costs become too high, the operating profits …
Persistent link: https://www.econbiz.de/10010325047
This paper presents a generic modeling framework to simultaneously decide about production quantities and maintenance … wear and tear. For this reason frequent maintenance activities need to be coordinated with the production operations in … maintenance and di erent modes of interaction between maintenance and setups. As the model is numerically intractable for standard …
Persistent link: https://www.econbiz.de/10010332632
effects of tenancy rent control on housing quality and maintenance. Since the discounted revenue received over a fixed …
Persistent link: https://www.econbiz.de/10010333373
We develop a stochastic general equilibrium model in which maintenance endogenously affects the capital depreciation … rate. The model performs well in generating maintenance series that match closely existing survey-based measures for Canada …. Maintenance is procyclical and comoves almost always with output. Investmentspecific shocks are the only disturbances that induce …
Persistent link: https://www.econbiz.de/10010335248
, preventive maintenance should be planned as well. If a failure cannot be averted, a corrective maintenance activity is performed …. Both maintenance activities are assumed to restore the machine to become `as good as new'. Furthermore it is assumed that … jobs, interrupted by a machine failure, have to get restarted after the corrective maintenance is finished (non …
Persistent link: https://www.econbiz.de/10010468212