This paper tests the hypothesis of market efficiency for the fixed odds betting market of Swedish trotting head-to-head matches. The hypothesis is carried out by a Wald test within a logistic regression model. Data support rejection of semi-strong efficiency at the 5 percent level of significance, while the weak form efficiency cannot be rejected. Moreover, evaluation of the simple strategy to ...

In many markets, such as education, health care and public utilities, firms are often profit-constrained either due to regulation or because they have non-profit status. At the same time such firms might have altruistic concerns towards consumers. In this paper we study semi-altruistic firms’ incentives to invest in quality and cost-reducing effort when facing constraints on the distribution of...

the optimal cropping pattern for sistan water resources management was determined through a goal programming technique within the gams programming environment. results showed that the optimum cultivation area and net profit of the agricultural sector in the sistan region could increase up to 18.1 and 39.8%, respectively, compared to the current status. an increase in the farm irrigation efficie...

cotton as a strategic product plays an important role inthe economy of boshrouyehwhere is known as the major cotton producing center of khorasan-e-jonoubi. in this paper, efficiency of boshroyeh cotton farms in 2007 have been calculated using data envelopment analysis (dea) and determinants of efficiency were identified using tobit regression analysis. the data was collected from questionnaires...

The national health services (NHS) of England, Portugal, Finland and other single-payer universalist systems financed by general taxation, are based on the theoretical principle of an integrated public sector payer-provider. However, in practice one can find different forms of participation of non-public healthcare providers in those NHS, including private for profit providers, but also third s...

Our objective was to evaluate life-cycle performance of flocks of two Egyptian breeds, Rahmani (R) and Ossimi (O), and their crosses with Finnish Landrace (F) in two management systems. Management systems were one mating season per year (1M) and three mating seasons per 2 yr (3M). Breeds and crosses studied included purebred R and O, F1 crosses 1/2F-1/2R (FR) and 1/2F-1/2O (FO), and inter se ma...