Money for Frontiers

An Improvement for Efficiency Interval: Efficient and Inefficient Frontiers

The performances of decision-making units (DMUs) can be evaluated from two different points of view optimistic and pessimistic and accordingly, two different efficiencies can be calculated for each DMU: the best relative efficiency and the worst relative efficiency. In the conventional methods of data envelopment analysis (DEA), only the best relative efficiency is evaluated. It is argued h...

Value for Money

Raising Money for Hospitals

the present time almost every charitable institution in this country, with the exception of the fortunate few which are substantially endowed, is faced with the problem of financing its work. Methods of all kinds are being tried, ranging from the ambitious Hospitals of London Combined Appeal to the humble flag-day in the country village for the county hospital. There is not sufficient evidence ...

For Love or Money

The expression “for love or money” is generally used to indicate the two extremes, which cover between them the entire spectrum. “I wouldn’t do that for love or money” means I wouldn’t do that in exchange for anything. It can be interesting, however, to read that or as marking not an opposition but a common function that love and money share, somewhat like the or in Spinoza’s famous phrase “deu...

Money for Results

This paper presents an innovative Law in the state of Ceará in Brazil where results indicators are used to determine budget allocation. Formerly the transfers where based on expenditure on education now on results obtained. The incentives are no longer for outputs (money expended) but for results (Math and Portuguese scores) The main rationale of the Law was to create incentives to the pursuing...