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  1. Public sector efficiency and the functions of the government
    Author: Afonso, António; Alves, José; Bazah, Najat
    Published: November 2024
    Publisher:  CESifo, Munich, Germany

    We examine the relationship between public sector efficiency and government spending, to assess public resource management across the 27 European Union countries. Specifically, we analyze the growth of public expenditure in relation to outcomes... more

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    We examine the relationship between public sector efficiency and government spending, to assess public resource management across the 27 European Union countries. Specifically, we analyze the growth of public expenditure in relation to outcomes across various public sector performance (PSP) indicators. We compute government spending efficiency using Data Envelopment Analysis (DEA) to subsequently assess the relationship between efficiency and the growth rate of public expenditure. Our findings suggest that higher efficiency can be achieved without proportionally increasing public spending, both in total expenditure and in specific areas such as social protection, economic affairs, education, healthcare, and public services. Indeed, with overall output efficiency scores between 0.77 and 0.87, with the same level of inputs, output could increase around 13%-23%. Additionally, public spending tends to rise during recessions, while it decreases with higher levels of human capital and redistribution indicators. Finally, more efficient countries tend to coalesce around Austria, Croatia, Denmark, France, Greece, Hungary, Poland, and Sweden.

     
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    Source: Union catalogues
    Language: English
    Media type: Book
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    Series: CESifo working papers ; 11487 (2024)
    Subjects: public sector performance indicators; efficiency; public expenditure; functions of the government; data envelopment analysis
    Scope: 1 Online-Ressource (circa 47 Seiten), Illustrationen
  2. Temporary agency work and labor misallocation
    Author: Carrasco, Raquel; Gálvez-Iniesta, Ismael; Jerez, Belén
    Published: [2024]
    Publisher:  UC3M, Universidad Carlos III de Madrid, [Getafe (Spain)]

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    Media type: Book
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    hdl: 10016/44503
    Series: Array ; 2024, 13
    Subjects: temporary agency work; intermediation; search and matching; screening; efficiency
    Scope: 1 Online-Ressource (circa 32 Seiten), Illustrationen
  3. The efficiency of dynamic energy prices
    Author: Hinchberger, Andrew J.; Jacobsen, Mark R.; Knittel, Christopher R.; Sallee, James M.; Benthem, Arthur A. van
    Published: [2024]
    Publisher:  MIT Center for Energy and Environmental Policy Research, Cambridge, MA, USA

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    Series: Working paper series / MIT Center for Energy and Environmental Policy Research ; 2024, 15 (October 2024)
    Subjects: electricity; time-of-use pricing; critical-peak pricing; real-time pricing; efficiency
    Scope: 1 Online-Ressource (circa 72 Seiten), Illustrationen
  4. Temporary agency work and labor misallocation
    Author: Carrasco, Raquel; Gálvez-Iniesta, Ismael; Jerez, Belén
    Published: Octubre de 2024
    Publisher:  [FEDEA], [Madrid]

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    Series: Documento de trabajo / Fedea ; 2024, 09
    Subjects: temporary agency work; intermediation; search and matching; screening; efficiency
    Scope: 1 Online-Ressource (circa 48 Seiten), Illustrationen
  5. Does social pension insurance increase the efficiency of household financial portfolios?
    Author: Liu, Xueying; Zhao, Zhong
    Published: December 2024
    Publisher:  IZA - Institute of Labor Economics, Bonn, Germany

    This study investigates the impact of social pension insurance on the efficiency of household financial portfolios, utilizing data from the 2019 wave of the China Household Finance Survey. Our findings indicate that social pension insurance... more

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    This study investigates the impact of social pension insurance on the efficiency of household financial portfolios, utilizing data from the 2019 wave of the China Household Finance Survey. Our findings indicate that social pension insurance significantly enhances the efficiency of household financial portfolios, partly through the channels of risk attitude and precautionary savings.

     
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    Series: Discussion paper series / IZA ; no. 17492
    Subjects: social pension insurance; household portfolios; sharpe ratio; efficiency
    Scope: 1 Online-Ressource (circa 12 Seiten)
  6. Third-best carbon taxation
    trading off emission cuts, equity, and efficiency
    Author: Ploeg, Frederick van der; Rezai, Armon; Tovar Reaños, Miguel Angel
    Published: 21 October 2024
    Publisher:  Centre for Economic Policy Research, London

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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Array ; DP19612
    Subjects: EASI demand system; recycling carbon tax revenue; inequality aversion; efficiency; equity; third-best carbon tax
    Scope: 1 Online-Ressource (circa 43 Seiten), Illustrationen
  7. Third-best carbon taxation
    trading off emission cuts, equity, and efficiency
    Author: Ploeg, Frederick van der; Rezai, Armon; Tovar Reaños, Miguel Angel
    Published: [2024]
    Publisher:  Department of Economics, University of Oxford, Oxford

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    Series: Department of Economics discussion paper series / University of Oxford ; number 1050 (July 2024)
    Subjects: EASI demand system; recycling carbon tax revenue; inequality aversion; efficiency; equity; third-best carbon tax
    Scope: 1 Online-Ressource (circa 41 Seiten), Illustrationen
  8. The efficiency of dynamic electricity prices
    Author: Hinchberger, Andrew J.; Jacobsen, Mark R.; Knittel, Christopher R.; Sallee, James M.; Benthem, Arthur A. van
    Published: 13 September 2024
    Publisher:  Centre for Economic Policy Research, London

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    Source: Staatsbibliothek zu Berlin
    Language: English
    Media type: Book
    Format: Online
    Series: Array ; DP19475
    Subjects: electricity; time-of-use pricing; critical-peak pricing; real-time pricing; efficiency
    Scope: 1 Online-Ressource (circa 70 Seiten), Illustrationen
  9. Determinantes de la rentabilidad en empresas privadas no financieras de Perú: un análisis de datos de panel para el período 2004 – 2022
    Author: Gonzaga, Bruno; Mamani, Diego
    Published: [2024]
    Publisher:  [Banco Central de Reserva del Perú], [Lima, Peru]

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    Source: Union catalogues
    Language: Spanish
    Media type: Book
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    Series: Serie de documentos de trabajo / Banco Central de Reserva del Perú ; DT. no. 2024, 006 (mayo 2024)
    Subjects: profitability; firms; efficiency; Peru; Arellano-Bond; SYS-GMM
    Scope: 1 Online-Ressource (circa 25 Seiten), Illustrationen
  10. An ounce of prevention for a pound of cure
    basic health care and efficiency in health systems
    Author: Bancalari, Antonella; Bernal, Pedro; Celhay, Pablo A.; Martinez, Sebastian; Sánchez, Maria Deni
    Published: January 2024
    Publisher:  Inter-American Development Bank, Social Protection and Health Division, [Washington, DC]

    We examine the efficiency gains in health systems generated after the national roll out of basic healthcare in El Salvador between 2010 and 2013. Using data from over 120 million consultations and five million hospitalizations, we demonstrate that... more

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    We examine the efficiency gains in health systems generated after the national roll out of basic healthcare in El Salvador between 2010 and 2013. Using data from over 120 million consultations and five million hospitalizations, we demonstrate that the expansion of community health teams, comprising less-specialized health workers, increases preventive care and decreases curative care and preventable hospitalizations. We also estimate coverage improvements for previously unattended chronic conditions amenable to effective primary care. These results suggest that decentralization of tasks to less-specialized health workers improves efficiency, maintaining quality of care.

     
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    Other identifier:
    hdl: 10419/299428
    Series: Working paper / [Inter-American Development Bank] ; no IDB-WP-1231
    Subjects: community-based healthcare; efficiency; coverage
    Scope: 1 Online-Ressource (circa 67 Seiten), Illustrationen
  11. Taylor rule and shadow rates
    theory and empirical analysis
    Author: Lupiani, Camilla
    Published: [2024]
    Publisher:  [BAFFI CAREFIN, Centre for Applied Research on International Markets Banking Finance and Regulation, Università Bocconi], [Milano, Italy]

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    Series: Working paper series / Bocconi ; n. 218 (February 2024)
    Subjects: central bank; ECB; interest rate; shadow rate; GMM; efficiency; zero lowerbound; effective lower bound
    Scope: 1 Online-Ressource (circa 66 Seiten), Illustrationen
  12. Respecting priorities versus respecting preferences in school choice
    when is there a trade-off?
    Author: Cantillon, Estelle; Chen, Li; Pereyra, Juan
    Published: 11 January 2024
    Publisher:  Centre for Economic Policy Research, London

    A classic trade-off that school districts face when deciding which matching algorithm to use is that it is not possible to always respect both priorities and preferences. The student-proposing deferred acceptance algorithm (DA) respects priorities... more

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    Universitätsbibliothek Mannheim
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    A classic trade-off that school districts face when deciding which matching algorithm to use is that it is not possible to always respect both priorities and preferences. The student-proposing deferred acceptance algorithm (DA) respects priorities but can lead to inefficient allocations. We identify a new condition on school choice markets under which DA is efficient. Our condition generalizes earlier conditions by placing restrictions on how preferences and priorities relate to one another only on the parts that are relevant for the assignment. Whenever there is a unique allocation that respects priorities, our condition captures all the environments for which DA is efficient. We show through stylized examples and simulations that our condition significantly expands the range of known environments for which DA is efficient. We also discuss how our condition sheds light on existing empirical findings.

     
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    Source: Staatsbibliothek zu Berlin
    Language: English
    Media type: Book
    Format: Online
    Series: Array ; DP18744
    Subjects: Matching; envyfreeness; fairness; efficiency; priorities; preferences; mutuallybest pairs
    Scope: 1 Online-Ressource (circa 34 Seiten), Illustrationen
  13. Respecting priorities versus respecting preferences in school choice
    when is there a trade-off?
    Author: Cantillon, Estelle; Chen, Li; Pereyra, Juan
    Published: January 2024
    Publisher:  ECARES, Brussels, Belgium

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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 2013/ULB-DIPOT:oai:dipot.ulb.ac.be:2013/368382
    Series: ECARES working paper ; 2024, 03
    Subjects: Matching; envyfreeness; fairness; efficiency; priorities; preferences; mutually best pairs
    Scope: 1 Online-Ressource (circa 32 Seiten), Illustrationen
  14. The role of payoff parameters for cooperation in the one-shot prisoner's dilemma
    Author: Gächter, Simon; Lee, Kyeongtae; Sefton, Martin; Weber, Till O.
    Published: February 2024
    Publisher:  IZA - Institute of Labor Economics, Bonn, Germany

    The prisoner's dilemma (PD) is arguably the most important model of social dilemmas, but our knowledge about how a PD's material payoff structure affects cooperation is incomplete. In this paper we investigate the effect of variation in material... more

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    The prisoner's dilemma (PD) is arguably the most important model of social dilemmas, but our knowledge about how a PD's material payoff structure affects cooperation is incomplete. In this paper we investigate the effect of variation in material payoffs on cooperation, focusing on one-shot PD games where efficiency requires mutual cooperation. We report results from three experiments (N = 1,993): in a preliminary experiment, we vary the payoffs over a large range. In our first main experiment (Study 1), we present a novel design that varies payoffs orthogonally in a within-subjects design. Our second main experiment, Study 2, investigates the orthogonal variation of payoffs in a between-subjects design. In a complementary analysis we also study the closely related payoff indices of normalized loss and gain, and the K-index. The most robust finding of our experiments and the complementary analyses is that cooperation in a PD increases with the gains of mutual cooperation over mutual defection.

     
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    Source: Union catalogues
    Language: English
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    hdl: 10419/295837
    Series: Discussion paper series / IZA ; no. 16814
    Subjects: prisoner's dilemma; cooperation; payoff parameters; temptation; risk; efficiency; normalized gain; normalized loss; K-index; experiments
    Scope: 1 Online-Ressource (circa 81 Seiten), Illustrationen
  15. Simultaneous search and adverse selection
    Author: Auster, Sarah; Gottardi, Piero; Wolthoff, Ronald
    Published: February 2024
    Publisher:  IZA - Institute of Labor Economics, Bonn, Germany

    We study the effect of diminishing search frictions in markets with adverse selection by presenting a model in which agents with private information can simultaneously contact multiple trading partners. We highlight a new trade-off: facilitating... more

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    We study the effect of diminishing search frictions in markets with adverse selection by presenting a model in which agents with private information can simultaneously contact multiple trading partners. We highlight a new trade-off: facilitating contacts reduces coordination frictions but also the ability to screen agents' types. We find that, when agents can contact sufficiently many trading partners, fully separating equilibria obtain only if adverse selection is sufficiently severe. When this condition fails, equilibria feature partial pooling and multiple equilibria co-exist. In the limit, as the number of contacts becomes large, some of the equilibria converge to the competitive outcomes of Akerlof (1970), including Pareto-dominated ones; other pooling equilibria continue to feature frictional trade in the limit, where entry is inefficiently high. Our findings provide a basis to assess the effects of recent technological innovations that have made meetings easier.

     
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    Other identifier:
    hdl: 10419/295845
    Series: Discussion paper series / IZA ; no. 16822
    Subjects: search; adverse selection; information frictions; efficiency
    Scope: 1 Online-Ressource (circa 46 Seiten), Illustrationen
  16. What works?
    interventions aimed at reducing student dropout in higher education
    Author: Ibsen, Kristoffer Holst Kroustrup; Rosholm, Michael
    Published: March 2024
    Publisher:  IZA - Institute of Labor Economics, Bonn, Germany

    High student dropout rates are a continuing concern within higher education and have received considerable attention for decades. Despite numerous proposed interventions, it remains unclear which interventions are effective, and what the pivotal... more

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    High student dropout rates are a continuing concern within higher education and have received considerable attention for decades. Despite numerous proposed interventions, it remains unclear which interventions are effective, and what the pivotal active ingredients are. This paper systematically synthesizes the effects of different interventions on dropout and graduation rates in higher education. Screening around 7250 abstracts of potentially relevant studies, we found 38 (quasi-)experimental studies that met our pre-specified inclusion criteria. We describe the studies in various dimensions and conduct a narrative systematic review as well as a meta-analysis. Our findings indicate a general tendency towards positive effects. Interventions manipulating peer group composition, particularly those adjusting for gender and ability, show the most promising outcomes. We discuss the economic implications of effect sizes and show that they are considerable. This paper contributes to understanding effective strategies for addressing student dropout, providing valuable insights for higher education institutions and policymakers.

     
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    Source: Union catalogues
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    hdl: 10419/295876
    Series: Discussion paper series / IZA ; no. 16853
    Subjects: student dropout; intervention; higher education; meta-analysis; educational economics; efficiency
    Scope: 1 Online-Ressource (circa 55 Seiten), Illustrationen
  17. The efficiency of dynamic electricity prices
    Author: Hinchberger, Andrew J.; Jacobsen, Mark R.; Knittel, Christopher R.; Sallee, James M.; Benthem, Arthur A. van
    Published: September 2024
    Publisher:  CESifo, Munich, Germany

    The marginal cost of electricity fluctuates hour-by-hour, yet retail customers typically face flat prices. Using data from all seven US wholesale markets and a new method to evaluate alternative rates set in advance that accounts for equilibrium price... more

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    The marginal cost of electricity fluctuates hour-by-hour, yet retail customers typically face flat prices. Using data from all seven US wholesale markets and a new method to evaluate alternative rates set in advance that accounts for equilibrium price effects, we estimate efficiency gains from time-varying price schedules that better align price with cost. We have three main results. First, time-of-use rates and critical-peak pricing, the two most common time-varying rate plans, each correct about 10% of mispricing. Second, complex rate structures based on historical prices often backfire. Third, real-time pricing with price ceilings can capture most potential efficiency gains.

     
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    hdl: 10419/305597
    Series: CESifo working papers ; 11355 (2024)
    Subjects: electricity; time-of-use pricing; critical- peak pricing; real-time pricing; efficiency
    Scope: 1 Online-Ressource (circa 69 Seiten), Illustrationen
  18. Overcoming left-behindedness
    moving beyond the efficiency versus equity debate in territorial development
    Author: Rodríguez-Pose, Andrés; Bartalucci, Federico; Lozano Gracia, Nancy; Dávalos, María
    Published: [2024]
    Publisher:  Utrecht University, Human Geography and Planning, [Utrecht]

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    Series: Papers in evolutionary economic geography ; # 24, 34
    Subjects: economic development; growth; efficiency; equity territories; regions
    Scope: 1 Online-Ressource (circa 28 Seiten), Illustrationen
  19. Respecting priorities versus respecting preferences in school choice
    when is there a trade-off?
    Author: Cantillon, Estelle; Chen, Li; Pereyra, Juan
    Published: 11 January 2024
    Publisher:  Centre for Economic Policy Research, London

    A classic trade-off that school districts face when deciding which matching algorithm to use is that it is not possible to always respect both priorities and preferences. The student-proposing deferred acceptance algorithm (DA) respects priorities... more

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    A classic trade-off that school districts face when deciding which matching algorithm to use is that it is not possible to always respect both priorities and preferences. The student-proposing deferred acceptance algorithm (DA) respects priorities but can lead to inefficient allocations. We identify a new condition on school choice markets under which DA is efficient. Our condition generalizes earlier conditions by placing restrictions on how preferences and priorities relate to one another only on the parts that are relevant for the assignment. Whenever there is a unique allocation that respects priorities, our condition captures all the environments for which DA is efficient. We show through stylized examples and simulations that our condition significantly expands the range of known environments for which DA is efficient. We also discuss how our condition sheds light on existing empirical findings.

     
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    Source: Staatsbibliothek zu Berlin
    Language: English
    Media type: Book
    Format: Online
    Series: Array ; DP18744
    Subjects: Matching; envyfreeness; fairness; efficiency; priorities; preferences; mutuallybest pairs
    Scope: 1 Online-Ressource (circa 34 Seiten), Illustrationen
  20. The efficiency of dynamic electricity prices
    Author: Hinchberger, Andrew J.; Jacobsen, Mark R.; Knittel, Christopher R.; Sallee, James M.; Benthem, Arthur A. van
    Published: 13 September 2024
    Publisher:  Centre for Economic Policy Research, London

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    Universität Potsdam, Universitätsbibliothek
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    Source: Staatsbibliothek zu Berlin
    Language: English
    Media type: Book
    Format: Online
    Series: Array ; DP19475
    Subjects: electricity; time-of-use pricing; critical-peak pricing; real-time pricing; efficiency
    Scope: 1 Online-Ressource (circa 70 Seiten), Illustrationen