In the classic Crawford-Sobel (CS) model of strategic communication between an informed Sender and uninformed Receiver, perfect information transmission is never achieved as an equilibrium outcome. I present a modified version of the CS cheap talk game with the following two innovations: (i) both players take actions, and (ii) actions are strategic substitutes. In contrast to the CS setup, the ...

the aim of this research was to measure the relative efficiency of forest management plans in north of iran. in order to fulfill the research, data of 12 forest management plans were collected from the financial balance sheets of shafaroud forest company during a ten years period. first of all, basic data envelopment analysis (dea) models (bcc and ccr) were used to determine the efficiency. the...

In the year that capital-poor countries open their stock markets to foreign investors, the growth rate of their typical firm’s capital stock exceeds its pre-liberalization mean by 4.1 percentage points. In each of the next three years the average growth rate of the capital stock for the 369 firms in the sample exceeds its pre-liberalization mean by 6.1 percentage points. However, there is no ev...

Allocative inefficiencies in online auction markets can result in the loss of revenues for sellers. It can also cause frustration for buyers who fail to win an item despite placing bids higher than other winners. The main contention of this work is that allocative inefficiencies present arbitrage opportunities, though not strictly in the traditional financial market sense, where risk-free profi...

in this paper, the performance evaluation of a two-way hybrid photovoltaic/thermal (pv/t) solar collector was analytically and experimentally carried out. mathematical expressions for operating parameters in glass to glass and glass to tedlar pv/t solar collectors were developed and experimentally validated by a glass to tedlar pv/t solar collector system. also the influence of air flow rate on...

The technical and allocative efficiency of broadacre farmers in a southern region of Western Australia is investigated over a three-year period. Applying data envelopment analysis (DEA) and stochastic frontier analysis (SFA) reveals there is some inefficiency in each year, which decreases over time. The distributions of technical efficiency in each year are positively skewed toward higher effic...

iran isone of the main pistachiogrowersinthe world. kerman province is the largest grower of pistachio and sirjan is one of the most important pistachio production areas of kerman province. it is important to the study of efficiency status of pistachio growers and improvetheir efficiency and optimum use of resources in the production. the purpose of this study was to determinationtechnical effi...

Takeuchi [37], Takeuchi and Akahira [38] and Pfanzagl [27] among others proved that any rst-order ecient estimators are second-order ecient. Many authors e.g., Ghosh [15], have conjectured that any third-order ecient estimators are fourth-order ecient. Based on concentration probability of estimators about a true parameter, this paper gives a positive answer to the conjecture in a curved expone...

in this paper, different input-oriented ratio-based dea (dea-r-i) models are proposed. by presenting the envelopment-additive-enhanced russell model based on the dea-r-i form, each decision making unit is evaluated and its efficiency score is calculated. also, by presenting the central resource allocation model based on the dea-r-i form, a suitable benchmark for all dmus is proposed by solving ...