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Several previous experiments using the minimum effort (weak link) coordination game reveal a striking regularity …-world groups, such as firms, face similarly difficult coordination problems, this poses an important question for economics and … create in the laboratory? This paper presents one reason. The experiments show that, even though efficient coordination does …
Persistent link: https://www.econbiz.de/10014112105
I study a market where agents with jointly owned heterogeneous goods trade subject to the constraint that each agent ends up with one good. In this market the existence of an efficient, incentive compatible, individually rational and budget balanced mechanism depends on the shares of the agents....
Persistent link: https://www.econbiz.de/10014048103
We characterize the sharing rule that achieves efficiency in a contribution mechanism when agents are heterogeneous …
Persistent link: https://www.econbiz.de/10013011998
Conventional data envelopment analysis (DEA) for measuring the relative efficiency of a set of decision-making units … technical efficiencies, but such methods are unable to calculate the interval scale efficiency. The focus of this paper is the … efficiency. The associated models are essentially nonlinear programs with only bound constraints for variables in a sophisticated …
Persistent link: https://www.econbiz.de/10014042568
. When technical efficiency was compared with technical change under the conditions of variable rate of return the average … change in technical efficiency increased to 93.2% whereas technical change increased to 75.9%. The comparison during the … period 1987-1992 of technical change and technical efficiency that recorded 86.2% and 113.1%, consecutively, there were …
Persistent link: https://www.econbiz.de/10013110448
power system. This paper compares production efficiency and other aspects of nodal and zonal pricing. We consider two types of …
Persistent link: https://www.econbiz.de/10012829074
Persistent link: https://www.econbiz.de/10010423249
Persistent link: https://www.econbiz.de/10011647212
reallocating inputs across outputs. We introduce a measure of coordination efficiency, which captures these efficiency gains. We …We extend a recently developed methodology for measuring the efficiency of Decision Making Units (DMUs) in the case of … includes information about the allocation of inputs to particular outputs. We focus on possible efficiency gains by …
Persistent link: https://www.econbiz.de/10013045739
, the differences can be especially large, baffling and disruptive. Coordination theory provides a method and vocabulary for …
Persistent link: https://www.econbiz.de/10014052869