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between efficiency and comonotonicity to the multidimensional case. The multivariate case is more involved (in particular … a comonotone dominance principle, due to Landsberger and Meilijson (1994) [27], that efficiency is characterized by a … comonotonicity condition. The goal of the paper is to generalize the comonotone dominance principle as well as the equivalence …
Persistent link: https://www.econbiz.de/10010582587
This paper focuses on Stochastic Dominance (SD) efficiency in a finite empirical panel data. We analytically …. Using these insights, we develop simple Linear Programming and 0-1 Mixed Integer Linear Programming tests of SD efficiency …. The advantage to the earlier efficiency tests is that the proposed approach explicitly accounts for diversification …
Persistent link: https://www.econbiz.de/10005561692
the convex transform of some probability distribution. Comonotonicity of Pareto-optima is also shown to be true in the two … the two-agent, two-state case. This comonotonicity result does not generalize to more than two states as we show with a …
Persistent link: https://www.econbiz.de/10010708888
the convex transform of some probability distribution. Comonotonicity of Pareto-optima is also shown to be true in the two … the two-agent, two-state case. This comonotonicity result does not generalize to more than two states as we show with a …
Persistent link: https://www.econbiz.de/10008790077
This paper examines how priority setting in health care expenditures is influenced by the presence of uncertainty about the severity of the illness and the effectiveness of medical treatment. We provide necessary and sufficient conditions on social preferences under which a social planner will...
Persistent link: https://www.econbiz.de/10010870795
, the efficiency of higher education institutions is increasingly coming into focus. Since the 2000s, more and more studies … on the efficiency of German universities have been published. While the research focus and the applied methods differ … aim of this paper was to show differences and commonalities in efficiency between universities of applied sciences and …
Persistent link: https://www.econbiz.de/10012244101
benefits that might ensure them long-term increase in efficiency and development. One of the ways to gain economic advantage is … in better economic results. Companies use various sets of indicators for measuring economic and operational efficiency … efficiency of logistics processes based on the unit costs which arise in the areas recognized as logistic. The research problem …
Persistent link: https://www.econbiz.de/10014544577
, the efficiency of higher education institutions is increasingly coming into focus. Since the 2000s, more and more studies … on the efficiency of German universities have been published. While the research focus and the applied methods differ … aim of this paper was to show differences and commonalities in efficiency between universities of applied sciences and …
Persistent link: https://www.econbiz.de/10012384154
the relevance of the subject and the existence of long waiting lines, transplantation process efficiency and productivity … assessments are still uncommon in Brazil. This study aims to evaluate the efficiency and productivity of the Brazilian states and …
Persistent link: https://www.econbiz.de/10015210009
A cake is a metaphor for a heterogeneous, divisible good, such as land. A perfect division of cake is efficient (also called Pareto-optimal), envy-free, and equitable. We give an example of a cake in which it is impossible to divide it among three players such that these three properties are...
Persistent link: https://www.econbiz.de/10009325605