We propose a systematic approach to analyzing academic research performance at universities and research institutes. The analysis of research performance is based on a set of (abstract) criteria which are relevant from the decision maker’s point of view. The scales for these criteria are defined by means of concrete indicators. All indicators are, however, not necessarily quantitative. Qualitat...

This paper analyses the efficrency imphcations of property value maxtmizatron Commumties are open, so that utilities are parametric to housing producers and the local government. Each local government chooses its public good output to max. mire aggregate property value in the commumty, ignoring feedback effects on the composition of the housing stock. It is shown that this type of government be...

We consider discriminatory and uniform price auctions for multiple identical units of a good. Players have private values, possibly asymmetrically distributed and for multiple units. Our setting allows for aggregate uncertainty about demand and supply. In this setting, equlibria generally will be inefficient. Despite this, we show that such auctions become arbitrarily close to efficient if they...

In this journal, Best, Best and Yoder (2000) recently demonstrated that portfolios of US value stocks dominate portfolios of US growth stocks in terms of second-order stochastic dominance (SSD). However, we cannot conclude from this finding that the market is SSD inefficient, because market portfolio efficiency generally does not require growth portfolios to be efficient. Furthermore, stochasti...

the purpose of the present study is to investigate the relationship between intellectual capital (human capital efficiency, customer capital efficiency, and structural capital efficiency) and economic value added of the listed companies on the tehran stock exchange (tse). the population includes 39 firms selected through systematic sampling. the data is collected from the audited financial stat...