This paper argues that moderate unemployment insurance not only reduces the uncertainty faced by risk-averse workers but also improves efficiency and raises output. We develop a model in which the decentralized equilibrium is inefficient without unemployment insurance, because the labor market endogenously creates jobs that provide risk-averse workers with low unemployment risk and low wages. E...

The Choice of the Agenda in Labor Negotiations: Efficiency and Behavioral Considerations The labor economics literature has shown that the “efficient bargaining” model, in which wage and employment are negotiated simultaneously, is less frequently used on unionized markets than the less efficient “right-to-manage” model, in which wage is determined via bargaining and employment determined subse...

The aims of this study were to evaluate the energy consumption and its modeling in industrial milk production units using data envelopment analysis (DEA) approach and sensitivity analysis. Data were collected from 44 industrial milk production units in Guilan province of Iran with face to face questionnaire method during 2012-2013. Inputs included animal feed, fossil fuels, electricity, machine...

This is correct if efficiency is defined in terms of labor effort, as the landlord’s share operates like a tax on the returns to a tenant’s effort. However, sharecropping provides insurance to the tenant against fluctuations in crop yield arising from reasons beyond his control, so if this insurance effect is incorporated also in the notion of efficiency then they need not be less efficient tha...

Visit our web site at: http://www.uaex.edu Cattle producers share a common goal – improve the efficiency and profitability of their ranch. Efficiency is a term used to describe producing a product with the least amount of waste. Waste on beef cattle ranches typically involves waste of time, labor, financial resources and natural resources. To become more efficient, beef cattle producers must me...