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Persistent link: https://www.econbiz.de/10006038363
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This paper considers generalized Lorenz-maximal solutions in the core of a convex TU-game and demonstrates that such solutions satisfy coalitional monotonicity and population monotonicity.
Persistent link: https://www.econbiz.de/10005081068
Super efficiency evaluations are introduced along the lines of the potential improvements approach in Bogetoft and Hougaard (1999). Both a reference selection and a related super efficiency index is defined. The new (potential slack) super efficiency index is compared to a Farrell-based super...
Persistent link: https://www.econbiz.de/10005803616
In the present paper a generalization of the Kalai-Smorodinsky solution to nonconvex n-person bargaining problems is provided. The generalization is obtained by a slight weakening of the axioms used in Kalai-Smorodinsky (1975) and Roth (1980).
Persistent link: https://www.econbiz.de/10005818477
This paper considers the set of Lorenz-maximal imputations in the core of a balanced cooperative game as a solution concept. It is shown that the Lorenz-solution concept satisfies a number of suitable properties such as desirability, continuity and the reduced game property. Moreover, the paper...
Persistent link: https://www.econbiz.de/10005598501
In the present paper we describe the structure of the Chinese health care system and sketch its future development. We analyse issues of provider incentives and the actual burden sharing between government, enterprises and people. We further aim to identify a number of current problems and link...
Persistent link: https://www.econbiz.de/10005749515
This paper considers railway operations in 23 European countries during 1995-2001, where a series of reform initiatives were launched by the European Commission, and analyses whether these reform initiatives improved the operating efficiency of the railways. Efficiency is measured using...
Persistent link: https://www.econbiz.de/10005749524
The increasing serial cost sharing rule of Moulin and Shenker [Econometrica 60 (1992) 1009] and the decreasing serial rule of de Frutos [Journal of Economic Theory 79 (1998) 245] have attracted attention due to their intuitive appeal and striking incentive properties. An axiomatic...
Persistent link: https://www.econbiz.de/10005749538
Within a production theoretic framework, this paper considers an axiomatic approach to benchmark selection. It is shown that two simple and weak axioms: efficiency and comprehensive monotonicity characterize a natural family of benchmarks which typically becomes unique. Further axioms are added...
Persistent link: https://www.econbiz.de/10005749542