reserved. Article history: Received 8 July 2011 Accepted 1 April 2012 Available online 6 April 2012 JEL classification: G12 G14 G17 Keywords: Return predictability Generalized spectrum Autocorrelation Causality Nonlinearity Bond pricing Market efficiency 1. Introduction One of the most enduring issues in finance and economics is the question of
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Chapter 2 THE EFFICIENCY CRITERION Public Finance‚ 10th Edition David N. Hyman Adapted by Chairat Aemkulwat for Public Economics 2952331 Chairat Aemkulwat‚ Public Economics 2952331 Positive Economics 1. Positive and Normative Economics • Scientific approach to analysis that establishes cause-andeffect relationships among economic variables • Attempts to be objective • Formulates “If…then” hypotheses that can be checked against facts 3 Chairat Aemkulwat‚ Public Economics 2952331 Normative
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Government’s Role in Economic Efficiency Law and Economic Efficiency Criminal Law | Prohibits actions that harm others. E.g.‚ theft‚ robbery‚ fraud‚ assault and murder | Shifts behaviour away from harmful activities toward Pareto-improving activities. | Contract Law | Establishes rules for writing and enforcing contracts and penalties for failure to fulfil. | Enables Pareto Improvements involving future promises‚ such as financial contracts or work performed by employees. | Property Law |
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Lindahl Pricing and Equilibrium – Proof of Pareto Optimality A Lindahl equilibrium is a method for finding the efficient level of provision for public goods. Recall that for public goods‚ in equilibrium all agents consume the same quantity but may face different prices1. As it is framed in our textbook‚ the Lindahl equilibrium occurs when the perunit price paid by each agent sums to the total per unit cost of the public good. The Graph We start with a good ol’ fashioned demand curve for a public
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The vertical shaft impact crusher is advanced and high-efficiency equipment. It is the latest researched results basing on Germany technology. The machine is professional in producing qualified sand and stone for highway‚ high-speed railway‚ high building‚ city project‚ hydropower dam constructions‚ and concrete mixing plant. It is widely used in sand making and stone reshaping industry. Vertical shaft impact crusher also know as sand making machine is applied widely for the powder process of
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Efficiency and effectiveness were originally industrial engineering concepts that came of age in the early twentieth century. Management theorists like Frederick Taylor and Frank and Lillian Gilbreth designed time and motion studies primarily to improve efficiency. Work simplification efforts again focused primarily on questions like "How fast can we do this task?" Work simplification also led to terminology like streamlined processes and efficiency experts‚ but the emphasis was still on time and
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James Madison University – ISAT 493 Senior Capstone | Power Line Efficiency Analysis | By Wade Reynolds | | Advisor: Dr. James L. Barnes | Sponsored by Shenandoah Valley Electric Cooperative | | ACKNOWLEDGEMENTS I would like to thank Jason Burch and Myron Rummel for their help and support throughout the duration of the study. Jason’s help proved to be critical in overcoming some of the complex technical challenges associated with the data calculations and solutions. I would
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BTEC Applied Science Unit 1: Efficiency Worksheet Name____________ efficiency = ( 100 %) 1 What is the efficiency of a motor that turns 100 J of electrical energy into 70 J of useful kinetic energy? Give your answer as a decimal. 2 An electric winch is used to lift a load of mass 2 kg a height of 1.5 m. It uses 50 J of energy when it does this. i) Calculate the amount of potential energy gained by the load using the formula: Ep = mgh where Ep is the potential energy
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ASSESSMENT OF THE ORGANIZATIONAL EFFICIENCY AND EFFECTIVENESS OF LEON PNP THROUGH A COMPARATIVE STUDY OF CRIMINAL CASES SOLVED AND CLEARED AS OF YEAR 2009 TO 2013 An Undergraduate Research Paper Presented to: Mr. Hanibal E. Camua Division of Social Sciences University of the Philippines Visayas Miagao Campus‚ Iloilo In Partial Fulfillment of the Requirements In Political Science 14 Philippine Politics and Government By John Mark C. Calves Jonathan V. Magan Arielle Lois C. Robles
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Efficiency and Collaboration Proposal Norris Johnson BIS/220 July 23‚ 2012 Efficiency and Collaboration Proposal Mr. Bob Jenkins Party Plates‚ Inc. 8462 Anywhere Lane Smalltown‚ AZ. 00000 July 23‚ 2012 Subject: Efficiency and Collaboration Proposal INTRODUCTION The purpose of this proposal is to show you why improving the efficiency of the current information systems that is being used in the sales department will benefit Party Plates. The sales department is currently using
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