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Displaying results 101 to 125 of 265.

  1. Econometric modelling of managerial decisions at the macro and micro levels
    monograph
    Contributor: Ivanova, Natalia (HerausgeberIn); Kozhukhova, Tetiana (HerausgeberIn)
    Published: 2021
    Publisher:  Technology Center, Kharkiv, Ukraine

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  2. Segmentation and efficiency of the interbank market in Kenya
    Author: Sichei, Moses Muse; Tirongo, Samuel Kiplang'at; Shimba, Chris
    Published: December 2012
    Publisher:  Kenya Bankers Association, Nairobi

    This paper studies segmentation and efficiency of the interbank market in Kenya. The study utilizes network framework and case studies of countries with developed interbank markets, namely the UK, EU and the US. Using daily data for the period June... more

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    This paper studies segmentation and efficiency of the interbank market in Kenya. The study utilizes network framework and case studies of countries with developed interbank markets, namely the UK, EU and the US. Using daily data for the period June 2003 to September 5 2012, the study finds that Kenya's interbank market is incomplete and highly segmented by size: small, medium and large banks. Specifically, large banks tend to discriminate against small banks in terms of credit extended and the interest rate charged, which is usually higher than those charged on their peers. The segmented nature of the market has limited its ability to facilitate banks' liquidity management strategy. The case studies show that the efficiency of the interbank market in Kenya can be enhanced through a number of developments such as adding lending products with maturities of more than one day so us to have a term structure; increasing the number of currencies traded; developing a benchmark interbank interest rate; and increasing linkages with other money market segments and monetary policy.

     
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    Source: Union catalogues
    Language: English
    Media type: Book
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    Other identifier:
    hdl: 10419/249502
    Series: KBA Centre for Research on Financial Markets and Policy working paper series ; WPS, 12, 01 = 1
    Subjects: Segmentation; interbank; efficiency; Kenya
    Scope: 1 Online-Ressource (circa 48 Seiten), Illustrationen
  3. Does group-based incentive pay lead to higher productivity?
    evidence from a complex and interdependent industrial production process
    Author: Frederiksen, Anders; Hansen, Daniel Baltzer Schjødt; Flaherty Manchester, Colleen N.
    Published: January 2022
    Publisher:  IZA - Institute of Labor Economics, Bonn, Germany

    Group-based incentive pay is attractive in contexts where production is complex and interdependent, yet freeriding is a paramount concern. We assess the introduction of group-based performance pay in a modern industrial production setting using... more

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    Group-based incentive pay is attractive in contexts where production is complex and interdependent, yet freeriding is a paramount concern. We assess the introduction of group-based performance pay in a modern industrial production setting using difference-in-difference estimation. Performance increased by 19 percent, with three quarters coming from increased performance of existing workers and the remaining from selection; workers became more efficient and were absent less often. We find little evidence of freeriding; quantile regressions show increased performance throughout the distribution of workers. Features of the design and implementation process created trust, a common goal, and a shared identity, which limited freeriding.

     
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    hdl: 10419/250647
    Series: Discussion paper series / IZA ; no. 14986
    Subjects: difference-in-differences; performance pay; group-based incentive; freeriding; incentive effects; selection effects; absenteeism; efficiency; performance; productivity; trust
    Scope: 1 Online-Ressource (circa 30 Seiten), Illustrationen
  4. Network games with heterogeneous players
    Author: Orlova, Olena
    Published: 2021
    Publisher:  Universitätsbibliothek Bielefeld, Bielefeld, Germany

    We consider network games in which players simultaneously form partnerships and choose actions. Players are heterogeneous with respect to their action preferences. We characterize pairwise Nash equilibria for a large class of games, including... more

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    We consider network games in which players simultaneously form partnerships and choose actions. Players are heterogeneous with respect to their action preferences. We characterize pairwise Nash equilibria for a large class of games, including coordination and anti-coordination games, varying the strength of action preferences and the size of the linking cost. We find that, despite the symmetry and simplicity of the setting, quite irregular network structures can arise in equilibrium, implying that heterogeneity in players' action preferences may already explain a large part of observed irregularity in endogenously formed networks.

     
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    Source: Union catalogues
    Language: English
    Media type: Book
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    hdl: 10419/249882
    Series: Working papers / Center for Mathematical Economics ; 659 (December 2021)
    Subjects: network games; strategic network formation; preference heterogeneity; efficiency
    Scope: 1 Online-Ressource (circa 34 Seiten)
  5. Electricity pricing problems in future renewables-dominant power systems
    Author: Mallapragada, Dharik S.; Junge, Cristian; Wang, Cathy Xun; Pfeifenberger, Hannes; Joskow, Paul L.; Schmalensee, Richard
    Published: [2022]
    Publisher:  MIT Center for Energy and Environmental Policy Research, Cambridge, MA, USA

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    Edition: Revised February 2022
    Series: Working paper series / MIT Center for Energy and Environmental Policy Research ; 2021, 017 (November 2021)
    Subjects: decarbonization; storage; pricing; renewables; efficiency; electrification
    Scope: 1 Online-Ressource (circa 54 Seiten), Illustrationen
  6. Elections and government efficiency
    Author: Dorn, Florian
    Published: November 2021
    Publisher:  ifo Institute - Leibniz Institute for Economic Research at the University of Munich, Munich, Germany

    Politicians are expected to influence policy outcomes in a way to gain electoral advantage. There is, however, a pending question whether efficiency in the provision of public goods and services is affected by strategic behavior. I examine how... more

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    Politicians are expected to influence policy outcomes in a way to gain electoral advantage. There is, however, a pending question whether efficiency in the provision of public goods and services is affected by strategic behavior. I examine how electoral cycles influence local government efficiency by using OLS fixed effects, event study, and instrumental variable estimations in a large balanced panel of around 2,000 municipalities in the German state of Bavaria. Cost efficiency is estimated by employing a fixed effects semi-parametric stochastic frontier analysis. The results show that electoral cycles increase government efficiency in election and pre-election years by around 0.75- 0.85 %. The effect is larger when executive and council electoral cycles coincide, and when incumbent mayors run for office again. My findings suggest an efficiencyenhancing effect of elections at given institutional conditions.

     
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    Other identifier:
    hdl: 10419/248561
    Series: Ifo working papers ; 363 (2021)
    Subjects: Electoral cycle; efficiency; local government; stochastic frontier analysis (sfa); panel data; event study; instrumental variables
    Scope: 1 Online-Ressource (circa 51 Seiten), Illustrationen
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    Erscheint auch als Druck-Ausgabe
  7. Redistributive policies in general equilibrium
    Author: Oikonomidēs, Geōrgios; Philippopulos, Apostolēs; Sakkas, Stylianos
    Published: 2021
    Publisher:  European Commission, Seville

    We develop a general equilibrium OLG model to evaluate a wide menu of popular redistributive policies in a unified context. We work in two steps: First, we study how initial conditions in human and financial capital, as inherited from family... more

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    We develop a general equilibrium OLG model to evaluate a wide menu of popular redistributive policies in a unified context. We work in two steps: First, we study how initial conditions in human and financial capital, as inherited from family background, shape individuals' human capital, and hence their work opportunities, income and wealth, and eventually macroeconomic outcomes. Second, we study which policies can reduce this type of inequality without, hopefully, damaging macroeconomic efficiency.

     
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    Other identifier:
    hdl: 10419/249194
    Series: JRC working papers on territorial modelling and analysis ; no 2021, 08
    Subjects: Inequality; efficiency; government expenditures; public policy
    Scope: 1 Online-Ressource (circa 56 Seiten), Illustrationen
  8. Non-routine tasks and ICT tools in telework
    Author: Okubo, Toshihiro
    Published: 31 August, 2021
    Publisher:  Institute for Economic Studies, Keio University, Tokyo, Japan

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    Series: KEIO-IES discussion paper series ; DP2021, 017 (31 August, 2021)
    Subjects: telework; COVID-19; survey; non-routine tasks; impediments; efficiency
    Scope: 1 Online-Ressource (circa 32 Seiten), Illustrationen
  9. Potential efficiency gains and expenditure savings in the Italian Regional Healthcare Systems
    Author: Rizzi, Dino; Zanette, Michele
    Published: [2021]
    Publisher:  Department of Economics, Ca’ Foscari University of Venice, Venice Italy

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    Series: Working paper / Ca' Foscari University of Venice, Department of Economics ; 2021, no. 27
    Subjects: Healthcare expenditure; regional healthcare systems; efficiency; LEA scores
    Scope: 1 Online-Ressource (circa 22 Seiten), Illustrationen
  10. Testimony before the congress of deputies budget committee on 25 october 2021 and before the senate budget committee on 30 november 2021 in relation to the draft state budget for 2022
    Author: Hernández de Cos, Pablo
    Published: 2021
    Publisher:  Banco de España, Madrid

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    Series: Documentos ocasionales / Banco de España ; no. 2130
    Subjects: Draft State Budget; macroeconomic forecast; outlook; sources of uncertainty; role of economic policies; fiscal policy; public debt; public finances sustainability; quality of public finances; efficiency; NGEU; Stability and Growth Pact
    Scope: 1 Online-Ressource (circa 95 Seiten), Illustrationen
  11. Fees, incentives, and efficiency in large double auctions
    Author: Jantschgi, Simon; Nax, Heinrich H.; Pradelski, Bary S. R.; Pycia, Marek
    Published: February 2022
    Publisher:  University of Zurich, Department of Economics, Zurich

    Fees are omnipresent in markets but, with few exceptions, are omitted in economic models-such as Double Auctions-of these markets. Allowing for general fee structures, we show that their impact on incentives and efficiency in large Double Auctions... more

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    Fees are omnipresent in markets but, with few exceptions, are omitted in economic models-such as Double Auctions-of these markets. Allowing for general fee structures, we show that their impact on incentives and efficiency in large Double Auctions hinges on whether the fees are homogeneous (as, e.g., fixed fees and price fees) or heterogeneous (as, e.g., bid-ask spread fees). Double Auctions with homogeneous fees share the key advantages of Double Auctions without fees: markets with homogeneous fees are asymptotically strategyproof and efficient. We further show that these advantages are preserved even if traders have misspecified beliefs. In contrast, heterogeneous fees lead to complex strategic behavior (price guessing) and may result in severe market failures. Allowing for aggregate uncertainty, we extend these insights to market organizations other than the Double Auction.

     
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    hdl: 10419/251438
    Series: Working paper series / University of Zurich, Department of Economics ; no. 405
    Subjects: Double auction; fees; transaction costs; incentives; strategyproofness; efficiency; robustness
    Scope: 1 Online-Ressource (circa 61 Seiten), Illustrationen
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    Datei wurde von der herausgebenden Institution entfernt
  12. Payment schemes for sustaining cooperation in dynamic games
    Author: Parilina, Elena M.; Zaccour, Georges
    Published: [2021]
    Publisher:  GERAD, HÉC Montréal, Montréal (Québec), Canada

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    Series: Les cahiers du GERAD ; G-2021, 77 (December 2021)
    Subjects: Dynamic games; sustainability of cooperation; payment schemes; individual rationality; efficiency
    Scope: 1 Online-Ressource (circa 25 Seiten)
  13. Imperfect information about consumer rights
    implications for efficiency and distribution
    Author: Baumann, Florian; Friehe, Tim; Wenzel, Tobias
    Published: 12/2021
    Publisher:  ZEW, Mannheim

    This paper shows that the provision of consumer rights can decrease welfare when some consumers remain ignorant of these rights. We find that consumers uninformed about a mandated warranty demand excessively safe products in some circumstances. In... more

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    This paper shows that the provision of consumer rights can decrease welfare when some consumers remain ignorant of these rights. We find that consumers uninformed about a mandated warranty demand excessively safe products in some circumstances. In other circumstances, uninformed consumers buy the efficient product variety like informed consumers but the former cross-subsidize the latter via firms’ pricing. With respect to the salient policy option of improving information about consumer rights, we find that increasing the share of informed consumers may actually raise the risk of inefficiency.

     
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    Format: Print
    Series: Discussion paper / ZEW - Leibniz-Zentrum für Europäische Wirtschaftsforschung GmbH ; No. 21-098
    Subjects: consumer policy; imperfect information; efficiency; product safety; distribution
    Scope: 31 Seiten, Diagramme
  14. A measure of well-being efficiency based on the World Happiness Report
    Author: Sarracino, Francesco; O'Connor, Kelsey J.
    Published: 2022
    Publisher:  Global Labor Organization (GLO), Essen

    We propose a measure of well-being efficiency to assess countries' ability to transform inputs into subjective well-being (Cantril ladder). We use the six inputs (real GDP per capita, healthy life expectancy, social support, freedom of choice,... more

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    We propose a measure of well-being efficiency to assess countries' ability to transform inputs into subjective well-being (Cantril ladder). We use the six inputs (real GDP per capita, healthy life expectancy, social support, freedom of choice, absence of corruption, and generosity) identified in the World Happiness Reports and apply Data Envelopment Analysis to a sample of 126 countries. Efficiency scores reveal that high ranking subjective well-being countries, such as the Nordics, are not strictly the most efficient ones. Also, the scores are uncorrelated with economic efficiency. This means that the implicit assumption that economic efficiency promotes well-being is not supported. Well-being efficiency can be improved by changing the amount (scale) or composition of inputs and their use (technical efficiency). For instance countries with lower unemployment, and greater healthy life expectancy and optimism are more efficient.

     
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    Other identifier:
    hdl: 10419/251216
    Series: GLO discussion paper ; no. 1061
    Subjects: subjective well-being; World Happiness Report; efficiency; Data Envelopment Analysis
    Scope: 1 Online-Ressource (circa 39 Seiten), Illustrationen
  15. Preferences for income redistribution
    a new survey item and experimental evidence
    Author: Bresser, Jochem de; Knoef, Marike
    Published: 25 November 2021
    Publisher:  CentER, Tilburg University, [Tilburg]

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    Series: Discussion paper / CentER ; no. 2021, 035
    Subjects: income redistribution; measurement; efficiency
    Scope: 1 Online-Ressource (circa 64 Seiten), Illustrationen
  16. Risk, temptation, and efficiency in the one-shot prisoner's dilemma
    Author: Gächter, Simon; Lee, Kyeongtae; Sefton, Martin; Weber, Till O.
    Published: November 2021
    Publisher:  CESifo, Center for Economic Studies & Ifo Institute, Munich, 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, focussing on one-shot PD games where efficiency requires mutual cooperation. Following Mengel (2018) we vary three payoff indices. Indices of risk and temptation capture the unilateral incentives to defect against defectors and co-operators respectively, while an index of efficiency captures the gains from cooperation. We conduct two studies: first, varying the payoff indices over a large range and, second, in a novel orthogonal design that allows us to measure the effect of one payoff index while holding the others constant. In the second study we also compare a student and non-student subject pool, which allows us to assess generalizability of results. In both studies we find that temptation reduces cooperation. In neither study, nor in either subject pool of our second study, do we find a significant effect of risk.

     
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    Other identifier:
    hdl: 10419/248994
    Series: CESifo working paper ; no. 9449 (2021)
    Subjects: prisoner's dilemma; cooperation; temptation; risk; efficiency
    Scope: 1 Online-Ressource (circa 35 Seiten), Illustrationen
  17. Optimal epidemic control in equilibrium with imperfect testing and enforcement
    Author: Phelan, Thomas; Akira Toda, Alexis
    Published: 2021
    Publisher:  Federal Reserve Bank of Cleveland, [Cleveland, OH]

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    Series: Federal Reserve Bank of Cleveland working paper series ; no. 21, 15 (August 2021)
    Subjects: efficiency; externalities; lockdown; perfect Bayesian equilibrium; quarantine
    Scope: 1 Online-Ressource (circa 60 Seiten), Illustrationen
  18. A measure of well-being efficiency based on the world happiness report
    Author: Sarracino, Francesco; O'Connor, Kelsey J.
    Published: October 2022
    Publisher:  IZA - Institute of Labor Economics, Bonn, Germany

    We estimate a measure of well-being efficiency that assesses countries' ability to transform inputs into subjective well-being (Cantril ladder). We use the six inputs (real GDP per capita, healthy life expectancy, social support, freedom of choice,... more

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    We estimate a measure of well-being efficiency that assesses countries' ability to transform inputs into subjective well-being (Cantril ladder). We use the six inputs (real GDP per capita, healthy life expectancy, social support, freedom of choice, absence of corruption, and generosity) identified in the World Happiness Reports and apply Data Envelopment Analysis to a sample of 126 countries. Efficiency scores reveal that high ranking subjective well-being countries, such as the Nordics, are not strictly the most efficient ones. Also, the scores are uncorrelated with economic efficiency. This suggests that the implicit assumption that economic efficiency promotes well-being is not supported. Subjective well-being efficiency can be improved by changing the amount (scale) or composition of inputs and their use (technical efficiency). For instance countries with lower unemployment, and greater healthy life expectancy and optimism are more efficient.

     
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    hdl: 10419/267406
    Series: Discussion paper series / IZA ; no. 15669
    Subjects: subjective well-being; World Happiness Report; efficiency; Data Envelopment Analysis
    Scope: 1 Online-Ressource (circa 45 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: December 2022
    Publisher:  ECARES, Brussels, Belgium

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    hdl: 2013/ULB-DIPOT:oai:dipot.ulb.ac.be:2013/352301
    Series: ECARES working paper ; 2022, 39
    Subjects: Matching; envyfreeness; efficiency; priorities; preferences; matching algorithms
    Scope: 1 Online-Ressource (circa 28 Seiten), Illustrationen
  20. Property tax competition
    a quantitative assessment
    Author: Borck, Rainald; Oshiro, Jun; Satō, Yasuhiro
    Published: Sptember 2022
    Publisher:  [CIRJE, Faculty of Economics, University of Tokyo], [Tokyo]

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    Series: Array ; CIRJE-F-1199
    Subjects: property taxes; tax competition; efficiency
    Scope: 1 Online-Ressource (circa 72 Seiten), Illustrationen
  21. How do institutions affect the impact of natural disasters?
    Author: Bos, Jaap W. B.; Gröschl, Jasmin Katrin; Lamers, Martien; Li, Runliang; Sanders, Mark; Schippers, Vincent
    Published: December 2022
    Publisher:  CESifo, Munich, Germany

    In this paper we study how differences in the quality of countries' institutions affect the impact of natural hazards in these countries. To do so, we first build a new data set that allows us to adequately control for countries' development and... more

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    In this paper we study how differences in the quality of countries' institutions affect the impact of natural hazards in these countries. To do so, we first build a new data set that allows us to adequately control for countries' development and geological characteristics and, importantly, the physical intensity of the natural hazard. We then analyze our data using an output distance frontier model to assess two important aspects of the relation-ship between institutions and hazard impacts. First, the model allows us to estimate the trade-offs between different types of (negative) outcomes (e.g., deaths, affected, and damages). Second, it enables us to estimate the excess deaths, affected inhabitants and damages that countries, all else equal, suffer relative to the best performing countries. We can refer to this as the countries' (in)efficiency at managing natural hazards. Our results show that countries differ a lot in their disaster management efficiencies, with richer countries performing better than poorer countries. Richer countries also incur higher capital losses in exchange for fewer lives affected, controlling for their overall level of development and population density. For rich and poor countries we show that institutions of higher quality indeed correlate with higher disaster relief efficiencies. Most important are indicators of good governance and government effectiveness, whereas the de jure indicators are not informative. Our estimates suggest that a country with a 10%higher disaster relief efficiency will save one more life and protect four more people at the cost of $8 million in capital losses in an average intensity natural hazard.

     
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    Other identifier:
    hdl: 10419/271818
    Series: CESifo working papers ; 10174 (2022)
    Subjects: natural disasters; resilience; institutions; efficiency
    Scope: 1 Online-Ressource (circa 28 Seiten), Illustrationen
  22. When can we design efficient and strategy-proof rules in package assignment problems?
    Author: Kazumura, Tomoya
    Published: January, 2022
    Publisher:  Graduate School of Economics, Kyoto University, Kyoto City, Japan

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    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    VS 814
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Array ; no. 21, 008
    Subjects: Strategy-proofness; efficiency; non-quasi-linear preferences; partially quasi-linear preferences; generalized Vickrey rule; maximal domain
    Scope: 1 Online-Ressource (circa 82 Seiten), Illustrationen
  23. Pharmaceutical trade
    India's growth trajectories
    Author: Kumar, Dinesh; James, T. C.
    Published: February 2021
    Publisher:  RIS, Research and Information System for Developing Countries, New Delhi (India)

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    Location:
    Universitätsbibliothek Braunschweig
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    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    Keine Rechte
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: RIS discussion paper series ; RIS-DP # 261
    Subjects: Pharmaceuticals; formulations; trade; price-competitiveness; efficiency
    Scope: 1 Online-Ressource (circa 46 Seiten), Illustrationen
  24. Tract housing, the core, and pendulum auctions
    Author: MacKenzie, Andrew; Zhou, Yu
    Published: August, 2022
    Publisher:  Graduate School of Economics, Kyoto University, Kyoto City, Japan

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    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
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    VS 814
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Array ; no. 22, 005
    Subjects: tract housing; core; pendulum auction; almost-synchronized equilibrium; private wealth constraints; efficiency; obvious strategy-proofness
    Scope: 1 Online-Ressource (circa 55 Seiten)
  25. Time use and the efficiency of heterogeneous markups
    Author: Albrecht, Brian C.; Phelan, Thomas M.; Pretnar, Nick
    Published: [2023]
    Publisher:  Federal Reserve Bank of Cleveland, [Cleveland, OH]

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    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    VS 36
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    Series: Federal Reserve Bank of Cleveland working paper series ; no. 23, 28 (November 2023)
    Subjects: monopolistic competition; markups; efficiency; time use; home production; elasticity of substitution; selection; heterogeneous firms
    Scope: 1 Online-Ressource (circa 51 Seiten), Illustrationen