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Displaying results 26 to 50 of 265.

  1. Search frictions and efficiency in decentralized transport markets
    Author: Brancacci, Giulia; Kalouptsid, Myrto; Papageorgiou, Theodore; Rosai, Nicola
    Published: 2020
    Publisher:  Boston College, Chestnut Hill, MA, USA

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    Language: English
    Media type: Book
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    Series: Boston College working papers in economics ; 1010
    Subjects: search; friction; efficiency; transport; optimal policy
    Scope: 1 Online-Ressource (circa 90 Seiten), Illustrationen
  2. Positional preferences and efficiency in a dynamic economy
    Author: Aronsson, Thomas; Ghosh, Sugata; Wendner, Ronald
    Published: February 2020
    Publisher:  Department of Economics, Department of Public Economics, University of Graz, Graz

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    Series: Graz economics papers ; GEP 2020, 01
    Subjects: Positional preferences; efficiency; intertemporal distortions; welfarist government; paternalist government; endogenous growth
    Scope: 1 Online-Ressource (circa 64 Seiten)
  3. Robust contracts in common agency
    Author: Marku, Keler; Ocampo Díaz, Sergio; Tondji, Jean-Baptiste
    Published: 2022
    Publisher:  Department of Economics, Social Science Centre, Western University, London, Ontario, Canada

    We consider a game between several principals and a common agent, where principals know only a subset of the agent's available actions. Principals demand robustness and evaluate contracts on a worst-case basis. This robust approach allows for a crisp... more

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    We consider a game between several principals and a common agent, where principals know only a subset of the agent's available actions. Principals demand robustness and evaluate contracts on a worst-case basis. This robust approach allows for a crisp characterization of the equilibrium contracts and payoffs and provides a novel proof of equilibrium existence in common agency by constructing a pseudo-potential for the game. Robust contracts make explicit how the efficiency of the equilibrium outcome relative to collusion among principals depends on the principals' ability to extract payments from the agent.

     
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    Series: Department of Economics research report series ; # 2022, 2 (June 2022)
    Subjects: Common agency; robustness; worst case; efficiency
    Scope: 1 Online-Ressource (circa 77 Seiten), Illustrationen
  4. Are we better-off for working hard?
    Author: He, Xue-zhong; Shi, Lei; Tolotti, Marco
    Published: [2018]
    Publisher:  Quantitative Finance Research Centre, University of Technology Sydney, Sydney

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    Series: Research paper / Quantitative Finance Research Centre ; 391 (March 2018)
    Subjects: Uncertainty and effort; Nash equilibrium; endogenous information; asset pricing; efficiency; and social welfare
    Scope: 1 Online-Ressource (circa 34 Seiten), Illustrationen
  5. Acquisitions, management, and efficiency in Rwanda's coffee industry
    Author: Macchiavello, Rocco; Morjaria, Ameet
    Published: 04 July 2022
    Publisher:  Centre for Economic Policy Research, London

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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Array ; DP17434
    Subjects: Ownership Changes; efficiency; Management; Relationships; ImplementationChallenges
    Scope: 1 Online-Ressource (circa 62 Seiten), Illustrationen
  6. Efficient partnership formation in networks
    Author: Bloch, Francis; Dutta, Bhaskar; Manea, Mihai
    Published: February 2018
    Publisher:  Centre for Research in Economic Theory and its Applications, Coventry, United Kingdom

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    Series: Discussion paper series / Centre for Research in Economic Theory and its Applications ; no: 41
    Subjects: networks; partnerships; matchings; efficiency; decentralized markets; favor exchange; completely elementary networks; locally balanced network
    Scope: 1 Online-Ressource (circa 35 Seiten), Illustrationen
  7. Tying under double-marginalization
    Author: Inderst, Roman; Griem, Fabian; Schaffer, Greg
    Published: 17 May 2022
    Publisher:  Centre for Economic Policy Research, London

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    Series: Array ; DP17314
    Subjects: contractual inefficiencies; Double-marginalization; Competition; surplus-sharing effect; rent-extraction effect; efficiency; brand strength
    Scope: 1 Online-Ressource (circa 33 Seiten), Illustrationen
  8. On the efficiency of large resale networks
    Author: Condorelli, Daniele; Galeotti, Andrea; Renou, Ludovic
    Published: 10 December 2021
    Publisher:  Centre for Economic Policy Research, London

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    Series: Array ; DP16800
    Subjects: decentralized markets; resale networks; asymmetric information; efficiency
    Scope: 1 Online-Ressource (circa 29 Seiten), Illustrationen
  9. Poder de mercado, bienestar social y eficiencia en la industria microfinanciera regulada en el Perú
    Author: Aguilar, Giovanna; Portilla, Jhonatan
    Published: junio, 2022
    Publisher:  Departamento de Economía, Pontificia Universidad Católica del Perú, Lima, Perú

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    Source: Union catalogues
    Language: Spanish
    Media type: Book
    Format: Online
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    hdl: 123456789/185392
    Edition: Primera edición
    Series: Documento de trabajo / Departamento Académico de Economía, PUCP ; no 512
    Subjects: Microfinance; efficiency; market power; social welfare
    Scope: 1 Online-Ressource (circa 58 Seiten), Illustrationen
  10. Avaliando a qualidade dos serviços de distribuição de energia elétrica no Brasil
    Author: Mendonça, Mário Jorge; Pereira Júnior, Amaro Olimpio; Pessanha, Jose Francisco Moreira; Medrano, Luis Alberto Toscano; Bellido, Marlon Max H.
    Published: junho de 2022
    Publisher:  Instituto de Pesquisa Econômica Aplicada, Brasília

    Among the aspects related to the quality of electric power supply, continuity stands out, evaluated based on the DEC and FEC indicators that express, respectively, the duration and frequency of supply interruptions. Regarding the continuity of... more

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    Among the aspects related to the quality of electric power supply, continuity stands out, evaluated based on the DEC and FEC indicators that express, respectively, the duration and frequency of supply interruptions. Regarding the continuity of supply, this study aims to present an alternative approach to the current methodology implemented by ANEEL for evaluating the performance of distributors in the Brazilian Electric System. For this purpose, a stochastic frontier analysis is proposed for benchmarking the continuity indicators of electric power distributors. The proposed model estimated based on bayesian inference is still capable of contemplating the temporal dynamics of efficiency. The consideration of this point is fundamental, because the studies done to evaluate the efficiency of the electric sector have neglected the fact that part of the increase in efficiency of a utility comes from the gain of scale due to the expansion of the market, a process that happens over time. Consideration of the dynamic aspect of efficiency is also of great importance for tariff revision. It was observed that actions of the utilities managed to keep the FEC below the regulatory goal, while the DEC exceeded the limit during 2009-2019. In order to assist the regulator in calibrating local continuity targets, it was also proposed to apply the efficiency indexes to define annual global targets for the continuity indicators. The results showed that the limits defined by our methodology are compatible with the limits defined by ANEEL and are perfectly feasible to be exceeded by the utilities.

     
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    Source: Union catalogues
    Language: Portuguese
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/265296
    Series: Texto para discussão / Ipea ; 2776
    Subjects: utilities; continuity of supply; SAIDI; SAIFI; efficiency; stochastic frontier; bayesian inference
    Scope: 1 Online-Ressource (circa 40 Seiten), Illustrationen
  11. A theory of public goods under complementarity between safety and consumptions
    Author: Aiba, Ikuto; Satō, Yasuhiro
    Published: April 2020
    Publisher:  [CIRJE, Faculty of Economics, University of Tokyo], [Tokyo]

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    Language: English
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    Series: Array ; CIRJE-F-1150
    Subjects: complementarity; public security; tax competition; efficiency
    Scope: 1 Online-Ressource (circa 27 Seiten), Illustrationen
  12. Football clubs' efficiency and COVID-19 in the Big-5 European leagues
    Author: Destefanis, Sergio; Addesa, Francesco; Rossi, Giambattista
    Published: [2021]
    Publisher:  Sport Business Centre, Birkbeck

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    Series: Research paper series / Birkbeck Sport Business Centre ; volume 13, number 2 (September 2021)
    Subjects: efficiency; conditional order-m; ghost games; home advantage; football; COVID-19
    Scope: 1 Online-Ressource (circa 40 Seiten)
  13. Effect of educational spending on academic performance under different institutional arrangements
    Author: Orduz, María
    Published: junio de 2022
    Publisher:  CEDE, Centro de Estudios sobre Desarrollo Económico, Bogotá, D.C., Colombia

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    Other identifier:
    hdl: 1992/58371
    Series: Array ; 2022, 20
    Subjects: Academic performance; per-pupil spending; efficiency; instrumental variable; regression discontinuity
    Scope: 1 Online-Ressource (circa 65 Seiten), Illustrationen
  14. Property tax competition
    Author: Borck, Rainald; Oshiro, Jun; Satō, Yasuhiro
    Published: [2022]
    Publisher:  Universität Potsdam, Potsdam

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    Series: CEPA discussion papers ; no. 52 (October 2022)
    Subjects: efficiency; property taxes; tax competition
    Scope: 1 Online-Ressource (71 Seiten, 11002 KB), Illustrationen
    Notes:

    We develop a model of property taxation and characterize equilibria under three alternative taxa-tion regimes often used in the public finance literature: decentralized taxation, centralized taxation, and “rent seeking” regimes. We show that decentralized taxation results in inefficiently high tax rates, whereas centralized taxation yields a common optimal tax rate, and tax rates in the rent-seeking regime can be either inefficiently high or low. We quantify the effects of switching from the observed tax system to the three regimes for Japan and Germany. The decentralized or rent-seeking regime best describes the Japanese tax system, whereas the centralized regime does so for Germany. We also quantify the welfare effects of regime changes
  15. Improving efficiency and equality in school choice
    Author: Ortega, Josue; Klein, Thilo
    Published: [2022]
    Publisher:  ZEW - Leibniz Centre for European Economic Research, Mannheim, Germany

    How should students be assigned to schools? Two mechanisms have been suggested and implemented around the world: deferred acceptance (DA) and top trading cycles (TTC). These two mechanisms are widely considered excellent choices because they are... more

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    How should students be assigned to schools? Two mechanisms have been suggested and implemented around the world: deferred acceptance (DA) and top trading cycles (TTC). These two mechanisms are widely considered excellent choices because they are strategy-proof, in addition to DA's no justified envy and TTC's Pareto optimality. We show theoretically and empirically that both mechanisms perform poorly with regard to two key desiderata such as efficiency and equality, even in large markets. In contrast, the rank-minimizing mechanism (RM) is significantly more efficient and egalitarian. It is also Pareto optimal for the students, unlike DA, and generates less justified envy than TTC.

     
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    hdl: 10419/265419
    Series: Discussion paper / ZEW ; no. 22, 046 (10/2022)
    Subjects: school choice; inequality; efficiency; justified envy
    Scope: 1 Online-Ressource (23 Seiten), Illustrationen
  16. Property tax competition
    a quantitative assessment
    Author: Borck, Rainald; Oshiro, Jun; Satō, Yasuhiro
    Published: October 2022
    Publisher:  CESifo, Center for Economic Studies & Ifo Institute, Munich, Germany

    We develop a model of property taxation and characterize equilibria under three alternative taxation regimes often used in the public finance literature: decentralized taxation, centralized taxation, and "rent seeking" regimes. We show that... more

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    We develop a model of property taxation and characterize equilibria under three alternative taxation regimes often used in the public finance literature: decentralized taxation, centralized taxation, and "rent seeking" regimes. We show that decentralized taxation results in inefficiently high tax rates, whereas centralized taxation yields a common optimal tax rate, and tax rates in the rent-seeking regime can be either inefficiently high or low. We quantify the effects of switching from the observed tax system to the three regimes for Japan and Germany. The decentralized or rent-seeking regime best describes the Japanese tax system, whereas the centralized regime does so for Germany. We also quantify the welfare effects of regime changes.

     
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    hdl: 10419/267235
    Series: CESifo working paper ; no. 10002 (2022)
    Subjects: property taxes; tax competition; efficiency
    Scope: 1 Online-Ressource (circa 74 Seiten), Illustrationen
  17. Optimal ex post risk adjustment in markets with adverse selection
    Author: Dosis, Anastasios
    Published: [2019]
    Publisher:  ESSEC Business School, [Cergy-Pontoise]

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    Language: French
    Media type: Book
    Format: Online
    Series: ESSEC working paper ; 1903
    Subjects: Health insurance; risk selection; risk adjustment; efficiency
    Scope: 1 Online-Ressource (circa 32 Seiten), Illustrationen
  18. Productive inefficiency in dairy farming and cooperation between spouses
    evidence from Senegal
    Author: Hoel, Jessica B.; Hidrobo, Melissa; Bernard, Tanguy; Ashour, Maha
    Published: December 2017
    Publisher:  International Food Policy Research Institute, Washington, DC, USA

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    Format: Online
    Series: IFPRI discussion paper ; 01698
    Subjects: efficiency; cooperation; dairy
    Scope: 1 Online-Ressource (circa 65 Seiten), Illustrationen
  19. How well do economists forecast recessions?
    Author: An, Zidong; Jalles, João Tovar; Loungani, Prakash
    Published: 2018
    Publisher:  International Monetary Fund, [Washington, DC]

    We describe the evolution of forecasts in the run-up to recessions. The GDP forecasts cover 63 countries for the years 1992 to 2014. The main finding is that, while forecasters are generally aware that recession years will be different from other... more

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    Orient-Institut Beirut
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    Staatsbibliothek zu Berlin - Preußischer Kulturbesitz, Haus Potsdamer Straße
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    Universitätsbibliothek Braunschweig
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    Universitätsbibliothek Erfurt / Forschungsbibliothek Gotha, Universitätsbibliothek Erfurt
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    Bibliothek der Pädagogischen Hochschule Freiburg/Breisgau
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    Niedersächsische Staats- und Universitätsbibliothek Göttingen
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    Universitäts- und Landesbibliothek Sachsen-Anhalt / Zentrale
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    Helmut-Schmidt-Universität, Universität der Bundeswehr Hamburg, Universitätsbibliothek
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    Duale Hochschule Baden-Württemberg Heidenheim, Bibliothek
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    Universitätsbibliothek Leipzig
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    We describe the evolution of forecasts in the run-up to recessions. The GDP forecasts cover 63 countries for the years 1992 to 2014. The main finding is that, while forecasters are generally aware that recession years will be different from other years, they miss the magnitude of the recession by a wide margin until the year is almost over. Forecasts during non-recession years are revised slowly; in recession years, the pace of revision picks up but not sufficiently to avoid large forecast errors. Our second finding is that forecasts of the private sector and the official sector are virtually identical; thus, both are equally good at missing recessions. Strong booms are also missed, providing suggestive evidence for Nordhaus' (1987) view that behavioral factors-the reluctance to absorb either good or bad news-play a role in the evolution of forecasts

     
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  20. Positional preferences and efficiency in a dynamic economy
    Author: Aronsson, Thomas; Ghosh, Sugata; Wendner, Ronald
    Published: January 30, 2020
    Publisher:  Department of Economics, Umeå University, Umeå, Sweden

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    Language: English
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    Series: Umeå economic studies ; 969
    Subjects: Positional preferences; efficiency; intertemporal distor-tions; welfarist government; paternalist government; endogenous growth
    Scope: 1 Online-Ressource (circa 60 Seiten)
  21. Efficiency of local governments in health service delivery
    a stochastic frontier analysis
    Author: Cuenca, Janet S.
    Published: March 2020
    Publisher:  Philippine Institute for Development Studies, Quezon City, Philippines

    The study analyzes the efficiency implications of fiscal decentralization using stochastic frontier analysis (SFA). It uses LGU health expenditure (in per capita real terms) as input. The output variables of interest include access to safe water and... more

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    The study analyzes the efficiency implications of fiscal decentralization using stochastic frontier analysis (SFA). It uses LGU health expenditure (in per capita real terms) as input. The output variables of interest include access to safe water and sanitation, health facility-based delivery, and access to hospital inpatient services. It also uses LGU income and its major components (i.e., own-source revenue and IRA, in per capita real terms) as covariates; as well as the health expenditure decentralization ratio to account for fiscal autonomy on the expenditure side and two measures of fiscal decentralization to account for financial/fiscal autonomy of the local government units (LGUs) on the income side (i.e., the ratio of LGU own-source revenue to LGU expenditures and ratio of LGU own-source revenue to LGU income) as factors affecting efficiency. The findings of SFA lend empirical evidences to what the literature says about the health devolution experience in the country. Issues on mismatch between local government fiscal capacity and devolved functions, fragmentation of health system, existence of two-track delivery system, and unclear expenditure assignments, among others inevitably create inefficiency. These issues should be addressed to fully reap the potential benefits (e.g., efficiency gains) from fiscal decentralization, particularly health devolution.

     
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    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/240995
    Series: Discussion paper series / Philippine Institute for Development Studies ; no. 2020, 06 (March 2020)
    Subjects: efficiency; health devolution; fiscal decentralization; stochastic frontier analysis
    Scope: 1 Online-Ressource (circa 33 Seiten)
  22. Markovian core, indivisibility, and successive Pareto-improvements
    Author: Fujishige, Satoru; Yang, Zaifu
    Published: [2019]
    Publisher:  [Department of Economics and Related Studies, University of York], York

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    VS 464
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Edition: This version: September 6, 2019
    Series: Discussion papers in economics / Department of Economics and Related Studies, University of York ; no. 19, 11
    Subjects: Decentralized market; barter market; indivisibility; efficiency; stability; Markovian core
    Scope: 1 Online-Ressource (circa 10 Seiten)
    Notes:

    Die Veröffentlichung enthält aufgrund eines Irrtums der herausgebenden Institution das Titelblatt von „Discussion papers in economics“ Band 19, 12. Der Haupttitel und die Verantwortlichkeitsangabe wurden von Seite 1 des Dokuments übertragen
  23. Do merger policies inceranse university efficiency?: evidence from a fuzzy regression discontinuity design
    Author: Agasisti, Tommaso; Egorov, Aleksej; Maximova, Margarita
    Published: 2020
    Publisher:  National Research University, Higher School of Economic, [Moscow]

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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Array ; 226/EC/2020
    Subjects: Universities; mergers; fuzzy regression discontinuity design; efficiency; DEA; Malmquist index
    Scope: 1 Online-Ressource (circa 45 Seiten), Illustrationen
  24. The effect of horizontal mergers on efficiency and market power
    an application to the Argentine hamburger market
    Author: Coloma, Germán
    Published: [2019]
    Publisher:  Universidad del CEMA, Buenos Aires, Argentina

    This paper analyzes the behavior of the Argentine hamburger market during the period 2013-2018, to see if an important merger that occurred by the end of 2015 (the BRF/MRP merger) had any discernable market-power or efficiency effects. To do this, we... more

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    This paper analyzes the behavior of the Argentine hamburger market during the period 2013-2018, to see if an important merger that occurred by the end of 2015 (the BRF/MRP merger) had any discernable market-power or efficiency effects. To do this, we run an econometric demand-and-supply model, and we find that there is an appreciable cost reduction that more than counterbalances the price increases induced by the merger. This implies that total consumers’ surplus may have grown as a consequence of the merger.

     
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/238331
    Series: Array ; nro. 705 (Diciembre 2019)
    Subjects: Merger; hamburger; Argentina; market power; efficiency
    Scope: 1 Online-Ressource (circa 14 Seiten), Illustrationen
  25. Shifting taxes from labour to consumption
    the efficiency-equity trade-off
    Author: Curci, Nicola; Savegnago, Marco
    Published: [2019]
    Publisher:  Banca d'Italia Eurosistema, [Rom]

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    Signature:
    VS 450
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Temi di discussione / Banca d'Italia ; number 1244 (November 2019)
    Subjects: microsimulation model; redistribution; efficiency; taxation; progressivity
    Scope: 1 Online-Ressource (circa 49 Seiten), Illustrationen