In this paper an approach in data envelopment analysis dealing with evaluation of non – zero slacks was propounded. This approach intends that weight of inefficient and weak efficient points that have been evaluated as zero weight, be considered as positive weight, and also in this approach, the pareto efficiency evaluates the picture of this point. In this approach positive weights in the i...

Individuals in many social networks imperfectly monitor other individuals’ network relationships. This paper shows that, in a model of a communication network, imperfect monitoring leads to the existence of many inefficient equilibria. Reasonable restrictions on actions or on beliefs about others’ actions can, however, eliminate many of these inefficient equilibria even with imperfect monitorin...

We study behavior and equilibrium selection in experimental network games. We vary two important factors: (a) actions are either strategic substitutes or strategic complements, and (b) subjects have either complete or incomplete information about the structure of a random network. Play conforms strongly to the theoretical predictions, providing an impressive behavioral confirmation of the Galeo...

This paper argues that in environments that exhibit non-convexities, risk diversification by financial institutions may be socially inefficient. To this end, we study a stylized, micro-founded model in which individual banks have an incentive to hold diversified portfolios in order to minimize the likelihood of bank runs. Yet, at the same time, diversification may increase the aggregate risk fa...