This paper develops a test for Pareto-elliciency in the local public sector using the analytical result that aggregate property value is maximized at the public output level which satisfies the Samuelson condition for efficiency. By using cross-section data, it is possible to deduce whether a representative community provides its public goods in a property-value-maximizing (and hence efficient)...

walnut is one of the important products in kerman province and baft town is the main area of ‎walnut orchards. so the technical, allocative and economical efficiency of walnut farmers computed ‎assign the degree of farmer’s success in the optimum allocation of their resources. at first the ‎proper production function was estimated, and then stochastic frontier production and technical, ‎efficie...

We introduce reward money into the provision point mechanism with refunds. Reward money is distributed among the contributors in proportion to their contributions only when the provision point is not reached. In environments without aggregate uncertainty, the provision point is always reached in equilibrium as competition for reward money and preference for the public good induce sufficient con...

Recently, there has been increased attention on finding solutions for double-sided markets with strategic buying and selling agents. We present and evaluate the first dynamic double-sided combinatorial market, named DYCOM, that allows truthful and individually-rational behavior for both buying and selling agents, keeps the market budget balanced and approximates social welfare efficiency. We ex...

This paper analyzes equilibria in sequential take-it-or-leave-it sales when demand is stochastic. It is shown that equilibria in this sales mechanism, unlike in sequential auctions, trade-off allocative efficiency and competing buyers’ opportunities to acquire an item to be sold, permitting prices and expected revenue above those of one-shot offers. Hence Coase-type conjectures are invalid in t...

We present a new DEA based method to analyze efficiency trends over time and differences across subgroups in a panel data setting. We employ a result that the aggregate technical and allocative inefficiency score equals the technical inefficiency when input quantities are aggregated into a single total input cost variable, and develop test procedures to evaluate the presence of allocative ineff...

INTRODUCTION Health systems in developing countries including Ghana are faced with critical resource constraints in pursuing the goal of improving the health status of the population. The constrained ability to adequately meet health care needs is exacerbated by inefficiency in the health care systems, especially within public health centres. METHODS The study used Data Envelopment Analysis (...

in order to study the effective factors in sugar beet production, evaluation of technical, allocative and economical efficiency of sugar beet producers in bardsir city, 150 sugar beet producers were questioned by classified method. data were collected through questionnaire forms filled by producers in 2004-05. the stochastic frontier production and cost function method were used to analyze the ...

Various types of basic income schemes are considered to compensate the allocative inefficiencies induced by unemployment insurance systems. This paper develops a dynamic general equilibrium model of a unionized economy where participation to the labor market is endogenous and the budget of the State has to balance. It is shown that basic income schemes reduce the equilibrium unemployment rate. ...

We discuss how to properly decompose economic efficiency when the underlying technology is non-homothetic using alternative allocative and technical efficiency criteria. We first show that only under the production of one output and assuming the particular case of constant returns to scale homotheticity, we may claim that the standard radial models correctly measure pure technical efficiency. O...