When scale is surplus

When every $P$-flat ideal is flat

In this paper‎, ‎we study the class of rings in which every $P$-flat‎ ‎ideal is flat and which will be called $PFF$-rings‎. ‎In particular‎, ‎Von Neumann regular rings‎, ‎hereditary rings‎, ‎semi-hereditary ring‎, ‎PID and arithmetical rings are examples of $PFF$-rings‎. ‎In the context domain‎, ‎this notion coincide with‎ ‎Pr"{u}fer domain‎. ‎We provide necessary and sufficient conditions for‎...

Estimation of Returns to Scale in the Presence of Undesirable (bad) Outputs in DEA when the Firm is Regulated

The calculation of RTS amounts to measuring a relationship between inputs and outputs in a production structure. There are many methods to measure RTS in the primal space or the dual space. One of the main approaches is using the multiplier on the convexity constraint. But returns to scale measurements in DEA models are affected by the presence of regulatory constraints. These additional constr...

Hicksian Surplus Measures of Individual Welfare Change When There is Price and Income Uncertainty

Is There Surplus Labor in Rural India?

We show empirically using panel data at the plot and farm level and based on a model incorporating supervision costs, risk, credit-market imperfections and scale-economies associated with mechanization that small-scale farming is inefficient in India. Larger farms are more profitable per acre, more mechanized, less constrained in input use after bad shocks, and employ less per-acre labor than s...

What is consumer surplus, and how is it measured

What is consumer surplus, and how is it measured? ANSWER: Consumer surplus measures the benefit to buyers of participating in a market. It is measured as the amount a buyer is willing to pay for a good minus the amount a buyer actually pays for it. For an individual purchase, consumer surplus is the difference between the willingness to pay, as shown on the demand curve, and the market price. F...